Russia's former president Dmitry Medvedev warned that a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead..

The government is exploring all viable options, including import diversification, to procure crude at an affordable price, a finance ministry report said on..

Brent crude, also known as London Brent, makes up more than half of the world's globally traded supply of crude oil.

The crisis as well as fears of lower supplies have pushed Brent crude oil price to nearly an 8-year high on Wednesday.

It is feared that sanctions against Russia will curtail global supplies and stifle growth.

The price of petrol in Pakistan has nearly doubled since 2014, even as crude oil price is on the same level.

Global financial major Goldman Sachs expects Brent crude oil prices to reach $110-per-barrel by next year, a 30% jump from the current levels of $85/bbl. Oil..

The government's move to pass on increases in global crude oil price to consumers, but prevent corrections through higher taxes, has raised concerns on inflation..

Mr. Pradhan said international crude oil price is an indicator but international product price is the benchmark.

The Supreme Court on Tuesday pulled up a petitioner who filed a PIL challenging the almost daily increase in petrol prices.

The top court warned the..

The Norwegian government has sharply cut its crude oil price forecast and the expected cash flow it will receive from the oil and gas industry after global..

BSE’s commex platform will open the system on May 4 for testing by its members, a notice by the exchange said. The move comes as issues related to the negative..

In a first, oil prices plummeted to negative on Monday (April 20) in the US as the demand for energy fell down sharply due to the coronavirus COVID-19 pandemic...

Crude oil storage facilities could fill up soon as stockpiles continue to build because of the crash in consumption caused by the coronavirus outbreak.

‘Aviation fuel is cheaper than petrol and diesel in country’

Crude oil price has seen the biggest drop since the 1991 Gulf war - but, it remains to be seen if the government will pass the benefit on to consumer

Saudi Arabia has halted production of more than half of its crude exports after one of the world’s largest oil processing facilities in Abqaiq was att

A volatile rupee is forcing importers to hedge their positions against foreign exchange risk while exporters are expecting a bigger gain

According to experts, equities plunged after global crude oil price skyrocketed over 10% after drones attacked two Saudi Arabian plants on Saturday

Oil Minister Dharmendra Pradhan Monday had a telephonic conversation with US Secretary of Energy Rick Perry to discuss ways to enhance energy security and impact..