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London: Oil prices jumped more than two per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production...

Algiers: OPEC leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate additional increase in...

Muscat: The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2 per cent gain...

Dubai: Iranian Supreme leader Ayatollah Ali Khamenei accused regional states of carrying out an attack on a military parade that killed 25 people, almost...

Muscat: The Omani Ministry of Foreign Affairs has issued a statement condemning a terror attack that has taken place in Iran and reaffirming the...

Algiers: Opec and its allies reduced oil output in August as a drop in Iranian supply due to US sanctions derailed their attempts to raise production to...

Algiers: Opec and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran...

New Delhi/Mumbai: India's government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on...

Tokyo: Japanese oil refiners have temporarily halted Iranian oil loadings ahead of U.S. sanctions and are buying alternatives as it remains unclear whether...

London: Oil eased on Wednesday, but held near its highest level this year, as concerns that producers may fail to cover a supply shortfall once US sanctions...