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Oil keeps climbing for fifth week on tight supply outlook, eyes on OPEC+

By Sonali Paul MELBOURNE (Reuters) - Oil prices rose on Friday, heading for a fifth straight week of gains, with demand growth seen outstripping supply on bets that OPEC+ producers will be cautious in returning more output to the market from August. U.S. West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1%, to $73.38 a barrel at 0216 GMT, headed for a 2.4% gain for the week. Brent crude futures climbed 7 cents, or 0.1%, to $75.63 a barrel, headed for a 2.9% jump for the week. ...
United States Richard Pullin Vivek Dhar Sonali Paul Organization Of The Petroleum Exporting Countries Commonwealth Bank

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Oil prices rise to 8-week high on demand hopes; US export decline

By Scott DiSavino NEW YORK (Reuters) - Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand. Brent futures rose 77 cents, or 1.1%, to settle at $69.32 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 80 cents, or 1.2%, to settle at $66.08. That was the highest close for Brent since March 11 and for WTI since March 5. U.S. crude exports fell last week to around 1.8 mi...
New York United States United Kingdom Shu Zhang City Of David Gregorio

US defends restrictions on export of COVID-19 vaccine raw materials to India, says requirements of Americans first

US defends restrictions on export of COVID-19 vaccine raw materials to India, says requirements of Americans first The US has ramped up the production of COVID-19 vaccines mostly by Pfizer and Moderna to meet the goal of vaccinating its entire population by July 4. (Image Source: Reuters) Updated: Apr 24, 2021, 10:04 AM IST A senior US State Department official has said that the Biden administrations first obligation is to take care of the requirements of the Ameri...
United States New Delhi Taranjit Singh Sandhu Us State Department Ned Price Singh Sandhu

Prof Tareque found dead at Uttara flat

He was alone in the flat as his wife and daughter were in the USA. Professor Shafiq-ur-Rahman of JU confirmed the news to The Daily Star. "I live in an apartment nextย  to his. As the door was locked from the inside and there was no response after repeated knocks on the door, we called the police," he said. Mehedi Hasan, officer-in-charge of Turag Police Station, said, "The cause of his death is not known yet. There were signs of throwing up. The crime scene unit of the Criminal Investigation D...
Bangladesh General United States Farzana Islam Mehedi Hasan Tareque Shamsur Rehman Fazlul Halim Rana

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