VIENNA — Several OPEC+ members have announced extensions of oil output cuts into the second quarter to support the “stability and balance of oil markets”....

LONDON — Oil and natural gas prices rose sharply on Monday after BP said it would pause all shipments through the Red Sea because of...

NEW DELHI — Oil prices jumped by 4 per cent on Monday on concerns that the situation in Israel and Gaza could disrupt output from...

The oil market witnessed a significant surge in prices by 16 per cent in July, the highest since January 2022. NEW DELHI — The oil...

New Delhi, Jul 20 (PTI) The government on Wednesday scrapped a windfall tax on the export of petrol and cut the levy on overseas shipments...

New Delhi, July 19 (IANS): Russia’s invasion of Ukraine sent economic shockwaves across not only Europe but also the broader Middle East.Pakistan, whose economy is already...

Paris, April 8 (IANS): The International Energy Agency (IEA) has announced that its members will release 120 million barrels of crude oil reserves over the...

Bangkok, March 18 (PTI/AP): Shares were mostly lower in Asia on Friday after Wall Street extended a rally into a third day and oil prices...

New Delhi, March 8 (PTI): Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will...

New Delhi, Oct. 17 (IANS): The sharp economic recovery and rising demand post the second wave of Covid coupled with a spike in global oil...