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

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