Pakistan, which is going ahead with a bilateral gas pipeline with Iran despite the US pressure, on Tuesday said that Tehran has agreed to provide $250 million for the project and export 80,000 barrels

India has sought additional five million tonnes (MT) of crude oil from Saudi Arabia as its second largest oil supplier Iran faces action from US and Israel over the Islamic nation’s nuclear programme.

Oil prices climbed on Tuesday after debt-laden Greece secured a huge bailout and as traders kept a close watch over Iran, analysts said.

Crude prices had reached their highest levels in nine months

Union petroleum minister S. Jaipal Reddy on Monday said that a massive underground strategic oil storage facility is being built in the port city of Visakhapatnam to help India tide over international

Iran has halted oil shipments to Britain and France, the Oil Ministry said on Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel

Oil prices fell on Monday with the demand outlook uncertain as the market awaited the outcome of a European Union summit on containing the eurozone debt crisis, analysts said.

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Unfazed by the US and EU sanctions, India on Thursday said it is open to all mechanisms for payment, ‘whatever it takes,’ to buy Iranian oil as it contributes around 12 per cent of New Delhi's oil imp

Oil prices climbed on Monday as tensions increased over the security of oil shipments from the Persian Gulf. Natural gas prices rose more than 5 percent after one of America's biggest natural gas prod

The European Union agreed on Monday to slap an embargo on Iran's oil exports as the West ramped up pressure on Tehran's suspect nuclear drive and urged it to return to the negotiating table.

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After months of delay, the government has given Cairn India the go-ahead for commencement of production from the Bhagyam oilfield, the second-largest find in the exploration firm's prolific Rajasthan