Oil - October 16, 2026

PM Assures Support for KUET Project Producing Fuel Oil from Waste

Prime Minister Tarique Rahman on Saturday witnessed a demonstration of a pioneering project designed to generate fuel oil from human waste and agricultural residues, offering the research team complete government

Govt Keeps Retail Fuel Oil Prices Unchanged for September

The administration has resolved to maintain retail fuel oil prices unaltered throughout the month of September, permitting buyers to acquire diesel, kerosene, petrol, alongside octane at prevailing tariffs. Pursuant to an

Global Oil Prices Fall Amid Progress on Strait of Hormuz Talks

Crude oil prices dipped slightly in international markets following reports of progress in discussions between Iran and Oman regarding the Strait of Hormuz. Investors anticipate that a successful outcome could pave

Trump Says New Iran Talks Set to Start After Calling Off Massive Attack

U.S. President Donald Trump said that new negotiations with Iran will begin Monday after he decided to hold off on striking the Islamic republic to pursue a deal to end

Global Oil Prices Plunge by Over 10 Percent in a Single Day

Oil prices have suffered a major collapse in international markets. Driven by growing expectations of a diplomatic resolution between the United States and Iran, crude oil prices dropped by more

Oil Down More than 5% on Renewed Hopes for US-Iran Deal

Oil prices dropped sharply at Monday's opening of Asian markets as investors breathed cautious sighs of relief following two consecutive nights without US strikes on Iran, leaving the door open

Global Oil Prices Climb for Fourth Consecutive Day Amid Rising Mideast Tensions

Global crude oil prices extended their gains for a fourth straight day on Thursday, July 16, as renewed military friction between the United States and Iran, coupled with potential disruptions

Global Oil Prices Reach Four-Week High Amidst Renewed US-Iran Tensions

International oil prices surged by 2% on Tuesday, July 14, 2026, hitting a four-week high as escalating military hostilities in the Strait of Hormuz sparked fresh concerns over global energy

Global Markets Plummet: Oil Prices Hit 4-Month Low

Oil prices have dropped significantly in the global market as concerns over international supply eased following indications of positive progress in talks between the United States and Iran. Driven by this

Ship with Crude Oil Arrives at Ctg Port

MT Fossil, carrying 1,00,000 tons of Crude oil arrived at the outer anchorage of Chattogram Port. Panama-flag carrier MT Fossil sailed from Fujairah Port, UAE and reached the outer anchorage early

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