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...

The detection of a new Covid variant in South Africa on Friday triggered panic selling in the global markets with domestic stocks also getting sucked into the whirlwind. While the Sensex plummeted 16...

India on Tuesday said it would release 5 million barrels of crude from its strategic reserves and soon after, the US said it would release 50 million barrels from its stockpile, kicking off an unprece...

India is working on ways to release crude oil from its strategic storages in tandem with other major economies to dampen prices, a top government official said on Monday. The US had last week made th...

Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant and Hurricane Ida’s hit to production led to...

The spike in global crude prices could impact the nascent demand recovery in the aviation sector even as the civil aviation ministry pitches for duty cuts by both the Centre and states. The benchmark...

The Centre on Monday said it has no plans to come up with Covid-19 bonds to raise fiscal resources amidst suggestions on such bonds by experts. “The government does not plan to raise fiscal res...

Opec+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July as they sought to balance expectations of a recovery in demand against a possible incr...

State-owned Oil and Natural Gas Corporation (ONGC) on Monday invited bids for the sale of the initial 2 million standard cubic metres per day of gas from its KG basin fields at a minimum price of $6.6...