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 ...

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

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, ...

OPEC+ group of leading global oil producers could bring forward its output hikes by around a year from the initial plan, Igor ...

Russian President Vladimir Putin said on Friday that oil prices had not risen significantly due to the conflict between Iran ...

Saudi Energy Minister Prince Abdulaziz bin Salman said Thursday that OPEC+ will base any future oil production decisions on ...

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there’s a ...

Oil prices jumped almost 3% on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential US involvement kept investors on edge. Brent crude futures settled up $2 ...

ST PETERSBURG (Reuters) -U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global ...