Oil giant Saudi Aramco said Sunday its profits soared more than 80 per cent in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and ...

Brent crude price fell on Tuesday because of concerns over a global slowdown and depressed demand from oil guzzler China on account of a spate of Covid-lockdowns. Besides, Saudi Aramco cut its Asian ...

Oil prices jumped more than $6 on Monday, with Brent crude climbing above $114 a barrel, as European Union nations considered joining the US in a Russian oil embargo and after a weekend attack on Saud...

Meanwhile, output from the Opec+ producer group in February undershot targets even more than in the previous month, sources said, while the International Energy Agency said oil markets could lose thre...

While oil from the world’s second-largest exporter is being shunned over its invasion of Ukraine, comments from UAE officials sent conflicting signals. Energy minister Suhail al-Mazrouei said o...

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses accumulated from keeping rates steady for over four months in the run-up to assembly elections in five...

The benchmark Brent crude soared above $112 per barrel on Wednesday as fighting intensified in Ukraine. The decision by the International Energy Agency to release crude from its reserves also failed t...

Oil prices jumped on Thursday, with the benchmark Brent crude rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to...

Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the Covid-19 slump and producer restraint, even as infection...

Opec and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves and the new Omicron coronavirus variant wou...