Oil retreats as investor focus returns to Ukraine peace talks
LONDON, Dec 11 (Reuters): Oil prices eased on Thursday as investors shifted focus back to Russia-Ukraine peace talks and monitored potential fallout from a US seizure of a sanctioned oil tanker off the coast of Venezuela.Brent crude futures were down 69 cents, or 1.1 per cent, at $61.52 a barrel...
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New Public Procurement Rules boost e-GP participation
The implementation of the newly enacted Public Procurement Rules, 2025 has led to a significant increase in participation in tenders through electronic government procurement (e-GP). S. M. Moin Uddin Ahmed, Chief Executive Officer (Secretary) of the Bangladesh Public Procurement Authority (BPPA) made the remark while speaking at a workshop on...
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IEA lowers 2026 oil glut forecast for first time since May
LONDON, Dec 11 (Reuters): The International Energy Agency trimmed its forecast of next year's global oil supply glut for the first time since May on Thursday, flagging higher demand prospects due to a stronger world economy and lower supply from nations under sanctions.Oil prices have been under pressure for months...
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US coal binge helps Asia pull ahead of the West in clean power push
LITTLETON, Colorado, Dec 11 (Reuters): Major Asian economies including China, India, Japan and Vietnam have cleaned up their power generation systems by more than the United States and Europe in 2025, setting the stage for an East-West divergence in energy transition momentum heading into 2026.Over the first 10 months of...
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Gold eases after divided Fed rate cut vote
Gold edged lower on Thursday, as traders weighed the US Federal Reserve's divided vote on a quarter-percentage-point interest rate cut, while silver climbed to yet another record high, reports Reuters.Spot gold fell 0.3 per cent to $4,217.09 per ounce, as of 1111 GMT. US gold futures for February delivery gained...
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Vietnam curbs export of refined rare earths, reaffirms ban on ore trade
HANOI, Dec 11 (Reuters): Vietnam's parliament on Thursday approved a revised law that restricts exports of refined rare earths and reaffirms a ban on ore exports, in a bid to support a domestic industry that has struggled for decades to exploit its substantial reserves.Vietnam has some of the world's largest...
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BP, Woodside and Chevron are big winners at Gulf of Mexico oil and gas auction
BP, Woodside Energy and Chevron were the top winners on Wednesday at the US government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023, reports Reuters.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by US President...
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