Russia is world’s third-largest producer of oil, and announcement by Novak immediately sent prices upward before they eased slightly...

The Deputy Prime Minister welcomed India's decision not to support the price cap on Russian oil, says the Russian Foreign Ministry...

Oil was paring losses as investors looked ahead to an Opec+ meeting this weekend: Analyst...

It was misguided and it was a mistake and a short-sighted move, which is going to affect lower-income economies...

Saudi, UAE and Kuwait are likely to take up most of the burden of cuts, says Tilak Doshi, managing director of Doshi Consulting...

Move to result in government getting additional Rs 32,000 crore revenue in FY23, says Icra VP...

United States has imposed sanctions on Russia in wake of the invasion of Ukraine...

Both crude oil benchmark contracts touched three-week highs earlier on Wednesday after the Saudi energy minister flagged the possibility of cutting production...

Indian consumer is shielded to the extent possible from this enormous jump in oil prices, the External Affairs Minister said, defending India's move to buy discounted Russian oil...

The current rates are a relief to India, which is 85 per cent dependent on imports for meeting its oil needs...