The prices of petroleum are higher than ever. All the developing countries are worried about the adverse effects of this price rise on the economies.

Washington  - Despite fi

Opposing the reduction in prices on June 5 as a result of the government’s decision to cut Customs duty on the fuel from 10 per cent to 5 per cent, the oil marketing companies have raised prices of

Oil price has reached a record high above $142 a barrel on Friday, and are

Kuwait City - Kuwait is drawing up a contingency plan to maintain the flow of oil exports in case Iran closes the Strait of Hormuz, a vital oil route in the Gulf, a Kuwait official was quoted as sa