Energy experts warn that petrol and diesel prices in Nigeria could rise if crude oil exceeds $90 per barrel, as a result of the war between Iran and the US/Israel.

Indian equities face volatility as Nifty risks dropping below 24,500 amid escalating Middle East tensions and rising oil prices.

Sumit Pokharna, VP-Fundamental Research, Kotak Securities, believes that higher crude oil prices are negative for refining companies like OMCs as it impacts its margins, operating costs, working ...

Asia depends on oil and gas from the Middle East, making it highly vulnerable if the widening conflict following Israeli and U.S. attacks on Iran causes prolonged supply disruption.

An Iranian drone struck Saudi Aramco's Ras Tanura oil facility, causing a fire. As per initial information there are no ...

Oil prices opened stronger this morning following US and Israeli strikes on Iran over the weekend. There are significant ...

The escalation of military conflict in the Middle East and the subsequent closure of the Strait of Hormuz represent a systemic shock to the global economy with profound implications for Sri Lanka. ..

Nigeria could earn an extra $1.3 billion in crude sales in March as spiralling Middle East tensions threaten to trigger a ...

A $10 crude spike could sharply divide India’s energy pack — upstream oil and shippers may rally, but OMCs and gas firms face margin pain.

In oil-dependent Cuba, US pressure has slashed the supply of oil. Blackouts are common and cars stay put. In response, authorities and businesses are importing 34 times as many Chinese solar panels as ...

The Armed Forces of Nigeria (AFN) has  destroyed 32 illegal refining sites and recovered over 175,000 litres of stolen ...