Largest Oil Reserve

India's foreign exchange (FX) reserves rose by about $3.9 billion to over $600 billion in the week that ended on May 27, providing relief for a country when its largest import, crude oil, remains elevated.

US will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India and South Korea and the U.K - a coordinated attempt by the worlds largest oil consumers to tame prices

Bahrain on Sunday announced it has discovered the largest oil and gas field in the history of the small kingdom, which unlike its Gulf neighbours is not energy-rich.

Venezuela on Tuesday became the first country to launch its own version of Bitcoin, a move President Nicolas Maduro celebrated.

US consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.

Soft oil prices in particular, which hit a five-year low on Friday, will only temporarily dampen overall US prices, Fed Vice Chairman Stanley Fischer and New York Fed President William Dudley said at separate events. The pair painted a mostly rosy outlook for the world's largest economy, suggesting the central bank is not letting energy markets dis...

Asian shares shrugged off three days of losses on Friday as global risk sentiment was buoyed by new US data overnight suggesting a steady recovery in the world's largest economy.

Venezuela is now the country with the most proven crude oil reserves on the planet, 296.5 billion barrels, according to the Annual Statistical Bulletin of the Organization of the Oil Exporting Countries.

India's foreign exchange (FX) reserves rose by about $3.9 billion to over $600 billion in the week that ended on May 27, providing relief for a country when its largest import, crude oil, remains elevated.

US will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India and South Korea and the U.K - a coordinated attempt by the worlds largest oil consumers to tame prices

Bahrain on Sunday announced it has discovered the largest oil and gas field in the history of the small kingdom, which unlike its Gulf neighbours is not energy-rich.

Venezuela on Tuesday became the first country to launch its own version of Bitcoin, a move President Nicolas Maduro celebrated.

US consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.

Soft oil prices in particular, which hit a five-year low on Friday, will only temporarily dampen overall US prices, Fed Vice Chairman Stanley Fischer and New York Fed President William Dudley said at separate events. The pair painted a mostly rosy outlook for the world's largest economy, suggesting the central bank is not letting energy markets dis...

Asian shares shrugged off three days of losses on Friday as global risk sentiment was buoyed by new US data overnight suggesting a steady recovery in the world's largest economy.

Venezuela is now the country with the most proven crude oil reserves on the planet, 296.5 billion barrels, according to the Annual Statistical Bulletin of the Organization of the Oil Exporting Countries.