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

Dhaka - The i

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to climb to a new record level above 136 dollars, figures released by OPEC on Tu

Oil Drilling And Exploration major, Aban Offshore has made announcement that the company has dismissed USD 10.53 mn (Rs 4,417 crore) contract with Husky Oil China due to unforeseen circumstances no

Amsterdam - Taxes on diesel and petrol went up on Tuesday in the Netherlands despite months of protest by the Dutch umbrella organization for bus and truck drivers, BOVAG.