The strike by Iran, which produces more than 3 million barrels a day of oil, was a reprisal after Israel carried out a series ...

Oil prices edged lower on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over ...

LONDON/DUBAI - An OPEC+ panel is unlikely this week to recommend any changes to its current deal to reduce production and to ...

Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed ...

Live coverage of business, economics and financial markets as investors consider risk of disruption to energy supplies as ...

ANALYSISWatch the price at the bowser. And on groceries. Then there’s the imported electronics, cars, building materials … Oh ...

Just when the coast appeared clear, geopolitical tensions and potential supply chain snarl-ups threaten to turn the ...

The kingdom called out members for overproducing, in what was seen as a veiled threat of a price war.

Keep updated, follow The Business Standard's Google news channel ... The direct involvement of Iran, an OPEC member, raises the prospect of disruptions to oil supplies, ANZ analysts said in a note, ...

United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil ...

Organization of Petroleum Exporting Countries (OPEC) sees no sign of global oil demand receding, rather, it expects it to ...

Oil prices have surged after Iran fired ballistic missiles against Israel sparking fears of a wider conflict in the West Asia ...