The price of fuel oil has decreased again in the international market

The Dhaka Times Desk The price of fuel oil has decreased again in the international market. On Tuesday, North Sea Barents crude oil was sold at $55.58, down 34 cents per barrel.

According to media reports, the price of crude oil continues to fall as the world's top domestic oil producer Saudi Arabia does not respond to calls to cut production. On Tuesday, North Sea Barents crude oil was sold at $55.58, down 34 cents from earlier. On the other hand, West Texas Intermediate (WTI) crude oil was 48 cents lower at $46.97 a barrel.

It should be noted that Saudi Arabia, the largest oil producing country in OPEC, announced that it is extracting 1 million barrels of oil per day. It is known that OPEC, which consists of 12 countries, is extracting more than 350,000 barrels of oil per day compared to the level of oil production set by Saudi Arabia last month. From July last year to February this year, the price of fuel oil has decreased by almost 60 percent.