The bumper first-quarter earnings by the firm show a record net income of $39.5 billion, up from $21.7 billion during the same period last year...

Sources say India will continue to lap up Russian Ural crude available at a discount, while continuing to buy oil from Saudi Arabia...

With little sign of the conflict easing, the focus returned to whether the market would be able to replace Russian barrels hit by sanctions...

The volatility has scared players out of the oil market, which in turn is likely to exacerbate price swings...

In a volatile market, Brent crude futures were up $4.90, or 4.4 per cent, at $116.04 a barrel by 1428 GMT after trading in an $8 range...

The twin blows of oil valuation and a weakening rupee may hurt the nation's finances, upend a nascent economic recovery and fire up inflation...

In India, state-owned oil retailers are preparing to raise fuel prices next week once the state elections are over...

India’s chief economic adviser V. Anantha Nageswaran on Thursday said there is a need to keep a close watch on the persistence of high oil prices...

Brent crude futures fell 93 cents, or 1.2 per cent, to $78.60 a barrel at 1413 GMT, while US West Texas Intermediate (WTI) crude futures dropped $1.05, or 1.4 per cent...

Benchmark Brent crude fell more than $1 after the deal was reported, before recovering some ground to trade around$70 a barrel....