The Indian basket of crude oils went below the psychological $50-a-barrel-mark this week as global prices fell on the back of a supply glut from...

Oil prices extended losses on Tuesday as New York crude struck an eight-month low with euphoria fading over a bailout deal for Spanish banks, while...

Organisation of Petroleum Exporting Countries (OPEC) revised its 2012 world oil demand outlook slightly upwards on Thursday citing a stable US economy...