The unmanned aircraft was downed over Iranian territory with a domestically manufactured Mersad surface-to-air missile.

There were at least 17 points of impact at Abqaiq, the world’s largest oil-processing facility.

A series of drone and missile attacks on oil facilities of Saudi Aramco knocked out half of its daily oil production.

Holding all of the world’s spare production capacity in one place has always been a risk.

Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market.

The massive drone strike has global ramifications, particularly for countries in Asia.

According to the official, the bill could go up by at least Rs 50 crore if the oil prices jump 10 per cent from USD 60 per barrel level on ...

Yemen's Houthi rebels launched drone attacks on the world's largest oil processing facility in Saudi Arabia and a major oil field on Saturd...

The coordinated strikes on Saudi oil fields will hit India's oil import bill, Singapore's DBS Banking Group said.

Iran has denied involvement in the air attacks, which were claimed by Iran-aligned Houthi rebels in Yemen.

The unprecedented move in Saudi Arabia reverberated around financial markets.

On Monday, Brent futures jumped nearly 19.5 % to trade at $71 a barrel in Asia.

Market participants were concerned as the drone attack on Saudi Arabia's oil facilities has stroked fiscal slippage concerns.

Similarly, every $10 movement of crude impacts India’s GDP by up to 40 basis points.

Traders who have shrugged off tensions in Middle East to respond when markets open on Monday.

The scope of work entails engineering, procurement and construction of a crude tank, replacement of crude pumps and associated civil facili...

Oil prices were little changed in Asian trade on Monday with the market assessing news of the arrests of alleged militants plotting to bomb...