Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, January 17, 2018 01:28:57 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Asian energy firms hit by tumble in oil prices

By
11th-Jan-2017       
Comments
Share your thought
Post a comment »
Read all () »

AFP, Hong Kong :
Asian energy firms retreated Tuesday after a plunge in oil prices, while the pound's troubles mounted on worries about Britain's plans to leave the European Union.
Both main crude contracts sank almost four percent on Monday as traders fret over Iraq's commitment to stick to output cuts agreed amid much fanfare by OPEC and other key producers in November.
The deal sent the cost of a barrel surging last month towards $60 on hopes the cuts could reduce a global glut that had sent prices to near 13-year lows last February.
However, Iraq's oil minister said exports from its southern ports reached a record high in December, leading to suspicion it will not stick to the cuts, which came into effect on January 1.
The Iraqi headlines have raised concerns about compliance," John Kilduff, a partner at New York-based hedge fund Again Capital LLC, told Bloomberg News.
"We need to see compliance outside of Saudi Arabia, Kuwait and the other Gulf states."
While both contracts edged up Tuesday, regional energy firms fell although they pared early losses. Sydney-listed Woodside Petroleum lost 0.1 percent and BHP Billiton was down 0.4 percent.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Lies about economic progress are coming out


The economy has come under pressure due to the banking sector crisis, inflation and soaring imports amid inadequate export earnings and insufficient remittance inflows, the Centre for Policy Dialogue (CPD) said recently. The banking sector is suffering from cronyism, the think-tank said, adding that various irregularities and embezzlement of public ...

Sports »

Petra Kvitova of the Czech Republic makes a forehand return to Germany's Andrea Petkovic during their first round match at the Australian Open tennis championships in Melbourne, Australia on Tuesday.


Entertainment »

Much-awaited intense and gripping trailer of Breathe


After tantalizing the senses of audiences with the edge of the seat teaser, Amazon Prime Video and Abundantia Entertainment have now released the much-awaited trailer of Breathe. Breathe brings to the audience R Madhavan in the OTT space for the very first time. The trailer of the digital series is ...

Entertainment »

Richi works in a serial after returning country


Sheikh Arif Bulbon :Popular TV actress Richi Solaiman returned to Bangladesh on December 8. This time she came here to pass time only with her family and close persons of media. Despite having earlier schedule to come to country Richi did not agree to work for this reason. After returning ...

International »

We will `strangle` US-backed force in Syria `before it`s even born`: Erdogan


Reuters: Beirut :Turkey's Tayyip Erdogan threatened on Monday to "strangle" a planned 30,000-strong US-backed force in Syria "before it's even born," as Washington's backing for Kurdish fighters drove a wedge into relations with one of its main Middle East allies.The United States announced its support on Sunday for plans for ...

International »

Melania, America's enigmatic first lady


AFP, New York :Groomed to perfection yet rarely heard in public, Melania Trump is an enigma-a first lady whose opinions, marriage and goals remain a mystery to millions of Americans.She is without question a unique first lady: a former model who once posed nude in her husband's private jet; the ...

Business & Economy »

NRBC Bank aims to woo investment, quality banking


Kazi Zahidul Hasan  :NRB Commercial (NRBC) Bank Ltd has taken steps to bring substantial amount of foreign investment mainly from expatriate Bangladeshis this year in line with the objective it stated in the founding charter. "The bank was established to bring investment of non-resident Bangladeshi (NRBs) but it slipped from ...

Business & Economy »

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, poses with the participants of the 28th Foundation Course at its Training Institute in the city recently. Senior officials of the bank were present.


City »

BNP Chairperson Begum Khaleda Zia appeared before the special court on Bakshi Bazar Alia Madrasha premises in the city on Tuesday on two corruption cases filed by Anti-Corruption Commission.


Editorial »

CEC must seek govt.`s cooperation to dissolve parliament


MORE than just holding small and big scale elections, it's time the Election Commission realise that it is essential to ensure the national elections is held in a free, fair and credible manner.  The Election Commission is a constitutional body and its responsibility is to hold election directly on the ...

International »

`I`m not a racist`, Trump says


AFP  :"I'm not a racist. I am the least racist person you have ever interviewed," Trump told reporters at the Trump International Golf Club in West Palm Beach, Florida, where he was having dinner with Republican House Majority Leader Kevin McCarthy.Trump appeared to give up for dead an immigration deal, ...

Football »

Suarez, Messi lead Barcelona to 4-2 comeback win at Sociedad


AP, Barcelona :Barcelona has broken its curse at Anoeta Stadium.Luis Suarez scored twice before Lionel Messi completed Barcelona's 4-2 comeback win at Real Sociedad on Sunday, giving the Catalan club its first league win at the Basque Country team since 2007.Barcelona was behind by two goals when Suarez set up ...

Sports »

The newly elected Executive Committee of Special Olympics Bangladesh pose for a photo session in the city's Tejgaon on Saturday.


Entertainment »

Shabnur, Purnima in a common frame


Entertainment Report :Shabnur and Purnima are two popular actresses in Dhaka film arena. Both of them have already got the National Film Award for single time. Shabnur got the National Award for acting in Mostafizur Rahman Manik’s movie Dui Noyon-er Alo. On the other hand, Purnima received the award for ...

City »

Nagorik Oikya Convenor Mahmudur Rahman Manna speaking at the press conference on 'Four Years of the Government and Year of Election' organised by the party at the Jatiya Press Club on Monday.


 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news