Decision comes after Opec+ decided last week to largely continue production cuts in April...

Goldman Sachs has now forecast crude to rise to $80 per barrel by September...

With political parties sounding the poll bugle, the ruling BJP runs the risk of being labelled insensitive to the plight of the common man...

Oil prices surged back towards their highest levels in more than a year with Brent trading up 5 per cent above $67 per barrel...

A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices in the country...

Sheikh Zaki Yamani was among the 11 Opec ministers taken hostage in Vienna by a Venezuelan assassin Carlos the Jackal ...

The Algerian energy minister, holder of Opec’s rotating presidency, was speaking shortly before Opec ministers began talks on production levels...

The President-elect could modify US diplomatic relations with 3 members — de facto leader Saudi Arabia, and sanctioned countries Iran and Venezuela...

Fear of new outbreaks has kept a lid on prices and the organisation expects this to persist...