Oil traders responded to the uncertainty in West Asia by pushing prices to new highs, briefly touching $81.40 per barrel for ...

Global benchmark Brent rallied as much as 5.7 per cent to US$81.40 a barrel, extending three weeks of gains. Read more at ...

US strikes on Iran raise risks for India’s current account, inflation and trade, but experts say the impact may stay ...

Iran contributes nearly one-third of the total output by the Organisation of Petroleum Exporting Countries (OPEC+) and stands ...

OPEC+ countries, most of whom have assured their tacit support to Tehran in the Israel-Iran war, hold some influence on the ...

Experts warn that this could disrupt not only the regional balance of power but also the global oil supply chain, as Iran is a key oil exporter in West Asia.

"The decision taken by OPEC leaders to forcefully increase production looks very far-sighted today and, from the market's ...

Opec+ shocked oil markets in April by agreeing to an output hike for May despite weak prices and slowing demand.

Decision by the OPEC+ group of leading global oil producers to speed up production increase now looks far-sighted and justified amid the Middle East conflict, Igor Sechin, head of Russia's largest oil ...

Since the beginning of 2024, Russia, Saudi Arabia, the UAE, Kuwait, Iraq, Kazakhstan, Oman, and Algeria have voluntarily reduced oil production by a total of 2.2 mln barrels per day ...

Steps taken by the OPEC+ group to boost oil supplies have proved astute, given developments in the Middle East conflict, ...

Here is how things stand on Saturday, June 21: Drones and missiles launched by Russia overnight have damaged energy ...