April 17 (Reuters) Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. Brent futures for June fell 40 cents, or 0.44%, to $89.62 a barrel by 0632 GMT, while U.S. crude futures for May fell 48 cents, or 0.56%, to $84.88 a barrel. Oil prices have softened so far this week as economic headwinds pressured investor sentiment, c

After floating bids for offshore oil and gas exploration, Petrobangla now plans to invite international bidding for onshore hydrocarbon exploration. Were now working on preparing the bidding documents for onshore oil and gas exploration, said Petrobangla Chairman Zanendra Nath Sarker while speaking at a workshop of the energy reporters at the capitals Petrocentre. He noted that his organisation will appoint a foreign consultant to assist Petrobangla in attracting the international oil companies

Bangladesh is facing a complex transition from coal-based energy, said the Global Energy Monitor in its Boom and Bust Coal 2024 report published on 11 April. This years report, published globally, sheds light on Bangladeshs coal energy landscape and emphasises the importance of using renewable energy. It calls for a shift from coal-based energy to renewable energy sources. The report highlighted Bangladeshs economic burden due to its excessive reliance on imported coal amidst fluctuations in for