Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran’s crucial fuel

U.S.

A major crisis looms large over the world as Iran flexed its nuclear muscles on Wednesday and the US and the EU nations geared up for tougher sanctions and military solution to tame a defiant Mahmo

Seasoned oil market observers have struggled to find an adequate explanation for the surge in Brent prices over the past fortnight, which has taken front-month futures to the highest level since Ju

India is expected to replace China as the world's largest soybean oil importer, the US Department of Agriculture said and projected India can become the third largest rice exporter by 2012.

SIVASAGAR, Feb 7 – Muga, or the “golden silk”, has always been the pride of Assam. Over the years, muga silk has become a unique part of Assamese culture and tradition.

Cairn Lanka, a wholly owned subsidiary of Cairn India, has announced that it prepares to enter the second phase of oil exploration in Sri Lanka upon the successful completion of the first phase.

NEW DELHI: As the European Union begins an oil embargo against Iran, India's payment options for Iranian oil became further constrained.

NEW DELHI: Even as China cuts down drastically its oil imports from Iran, which is soon likely to run into fresh sanctions from the US and the EU, India on Tuesday declared it will continue to impo