Oil producing countries stayed with their gradual approach to restore output slashed during pandemic, agreeing to add only 400,000 barrels per day in November...

Brent futures hit a near three-year high last week as global output disruptions have forced energy companies to pull large amounts of crude out of inventories...

Niti Aayog vice-chairman Rajiv Kumar, Former RBI governor D. Subbarao, and the PHD Chamber of Commerce and Industry had all proposed such bonds...

Till December 2021, the group will increase supply by a further 2 million bpd or 0.4 million bpd a month...

If the rising prices are passed on to consumers by state-owned oil firms, it would add to inflationary pressure and slow down economic recovery...

Saudi energy minister Prince Abdulaziz bin Salman on Sunday called for 'compromise and rationality' to secure a deal after two days of failed discussions last week...

Dharmendra Pradhan with Mohammad Sanusi Barkindo iterated concerns over the rates, which have shot up above $75 per barrel — the highest since April 2019...

Benchmark Brent crude hit $71 a barrel, its highest since March, on Tuesday...

Total crude imports by the world’s third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8 per cent from a year earlier...

The group, which has been implementing deep cuts since oil prices collapsed in 2020, agreed to ease production cuts by 350,000 barrels per day (bpd)...