Hong Kong: Oil rose towards a 2-1/2-year high and stocks fell on Wednesday as investors shunned risky assets on concern that escalating tension in Libya would spread in the Middle East and disrupt fue

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) and Oil India are moving staff out of Libya, fearing more violence in the North African nation that is facing a rebellion.

ONGC has one staffe

London: World oil prices climbed back above $100 on Wednesday, ahead of the weekly energy report in the United States, and as protests intensified to oust Egyptian President Hosni Mubarak.

Brent Nort

Teheran: Iran's daily oil output rose by around 100,000 barrels with the opening on Tuesday of the second phase of Darkhovin field in the southeast of the country, the oil ministry's news agency repor

An aging oil pipeline has ruptured in Southern Iran contaminating vast patches of the coast and farmland near the town of Deylam on the gulf, the official IRNA news agency reported on Monday.

New Delhi: Projecting a growth of 40 per cent in India's oil demand in next decade, Prime Minister Manmohan Singh today stressed on securing energy supplies at affordable prices to meet requirement of

The Prime Minister, Mr Vladmir Putin, on Sunday officially launched the Russian section of a strategic oil pipeline that delivers east Siberian oil to energy-hungry China, as Moscow stepped up efforts

Engineers monitored a newly-capped oil well in the Gulf of Mexico on Sunday amid cautious optimism the months-long spill behind the worst environmental disaster in US history has been finally containe