Sudan and South Sudan have hammered out a deal on how to share their oil wealth, one of a series of disputes that brought the rivals to the brink of all-out war earlier this year.

"The parties have a

After two rounds of rate cuts last month, petrol price was on Monday hiked by 70 paise per litre on firming international oil rates.

Petrol in Delhi will cost Rs 68.48 per litre with effect from midn

Petrol price was cut on Thursday by Rs 2.46 per litre, the second reduction this month.

Petrol in Delhi will cost Rs 67.78 a litre with effect from midnight on Thursday night as against Rs 70.24 a li

Brent crude oil hit an 18-month low of $91 per barrel on Thursday as the outlook for economic growth darkened, pointing to lower-than-expected energy consumption worldwide.

China's factory sector shr

The United States said on Monday it would exempt seven countries including India from tough new sanctions on their banking sector after they cut oil purchases from Iran.

Secretary of State Hillary Cl

The United States will ‘very soon’ announce a new list of countries that will receive waivers to financial sanctions on oil trade with Iran, a US official said on Thursday.

The latest round of US san

As Iran battles US-led western sanctions for its nuclear programme, Iranian foreign minister Ali Akbar Salehi arrives in New Delhi on Thursday on a two-day visit, an invite in hand for Prime Minister

In the backdrop of US pressure to reduce oil imports from Iran, India on Thursday said unilateral sanctions should not impact upon its 'legitimate trade interests' with the Persian nation.

After tal

India said on Tuesday it would cut purchases of Iranian oil by 11 per cent following pressure from the United States to join a drive to isolate the Islamic republic over its disputed nuclear programme

India is 'free to take its decisions' on importing oil from Iran despite economic sanctions by the US to thwart Tehran's alleged military nuclear programme, Petroleum Minister Jaipal Reddy said on Thu