Saudi Aramco is rerouting oil exports to the Red Sea port of Yanbu. This move aims to bypass the Strait of Hormuz, where shipping is severe...

Oil prices climbed nearly 2% as investors weighed escalating U.S. sanctions on Venezuela, a drone attack on a Russia-bound tanker in the Bl...

OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike wa...

While the Organization of the Petroleum Exporting Countries and allies are cutting production to bolster the market, U.S. crude production ...

Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day's heavy losses.

Oil prices fell by more than 4% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply con...

While Riyadh has been locked in a hunt for an elusive enemy, the guerrillas have made great strides in developing unmanned aerial vehicles ...

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

Crude prices have jumped after drone attacks on two oil facilities in Saudi Arabia, which accounts for around 10 per cent of the global oil...

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 ...

Consumers in both North East Asia and India hold adequate reserves to cover any shortages.

Surging crude oil has emerged as major fears for India in form of fiscal slippage and inflationary pressure.

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.

ONGC Videsh Ltd may invest over $ 1.5 billion in exploring for oil in a block that was awarded to it by the erstwhile Saddam Hussein regime.

World oil prices held steady on Tuesday in sight of record levels partly over concerns about violence in oil-rich Nigeria and despite a ple...

Oil prices were down in Asia today after China said it was raising domestic fuel prices and Saudi Arabia announced an output increase.