State-run explorer ONGC’s move to acquire UK-based oil firm Imperial Energy for about $2.8 billion may hit a road block as it has already e...

Early indications also suggest that ONGC Videsh (OVL), may have to cough up much more if it has to acquire Imperial Energy assets.

Steel baron LN Mittal may have set off on a new oil hunt yet again. And this time the target seems to be Burren Energy.

Oil prices climbed back above $59 a barrel on Wednesday ahead of an expected sharp fall in weekly U.S. distillate stocks as a blast of cold...