India's trade relations with Turkey and Azerbaijan face potential strain due to their support for Pakistan and criticism of India's strikes...

Brent futures for December fell 74 cents to $90.76 a barrel. U.S. West Texas Intermediate (WTI) futures for November, which expires on Frid...

The share of the Eurasian region, which includes Russia, in India’s overall crude oil imports reached a record 18.8% during April-June from...

Crude and refined oil products from Russia, Azerbaijan and Kazakhstan pass through export terminals on the sea’s eastern edge. On the west ...

U.S. West Texas Intermediate (WTI) crude futures slipped 17 cents, or 0.4%, to $40.43 at 0120 GMT, while Brent crude futures also fell 17 c...

TAP is developing a mega 2.5 billion oil pipeline spanning 878 km that will extend from the Turkish border to southern Italy, passing throu...

ONGC Videsh said it has raised $800 million to part-finance its recent acquisition of interest in an oilfield in Azerbaijan.

The company, which gets most of its funds from its parent firm, has already appointed merchant bankers for raising the debt, a source said.

“The acquisition shall provide OVL, oil production of about 1 million tonnes per year for about a decade,” the oil ministry said after the ...

The Cabinet Committee on Economic Affairs (CCEA) today approved ONGC Videsh Ltd's acquisition of stake in an Azerbaijan oilfield for $ 1.00...

The acquisition was subject to government and regulatory approvals and is expected to close by the first quarter of 2013.

ONGC Videsh plans to raise about $ 1 billion through a dollar bonds issue early next year to fund its recent acquisition in Azerbaijan.

OVL has reached an agreement to buy 2.72% stake held by Hess in the largest oil field in the Azerbaijan sector, sources said.

Seasoned oil market observers have struggled to find an adequate explanation for the surge in Brent prices over the past fortnight.

BP's embattled Chief Executive Tony Hayward is visiting oil-rich Azerbaijan amid speculation the company may sell assets to help pay for th...

Azerbaijan has halted oil exports via the Georgian ports of Batumi and Kulevi due to clashes between Russia and Georgia, the head of the st...

The minister of state for commerce, Jairam Ramesh, is leading a multi-sectoral Indian delegation to Azerbaijan and Uzbekistan, to boost bil...