Oscillators are key components of many kinds of systems, particularly electronic and opto-electronic systems. Undesired perturbations, i.e. noise, in practical systems adversely affect the spectral and timing properties of the signals generated by oscillators resulting in phase noise and timing jitter, which are key performance limiting factors, being major contributors to bit-error-rate (BER) of RF and possibly optical communication systems, and creating synchronization problems in clocked and sampled-data electronic systems. In this paper, we review our work on the theory and numerical methods for nonlinear perturbation and noise analysis of oscillators described by a system of differential-algebraic equations (DAEs) with white and colored noise sources. The bulk of the work reviewed in this paper first appeared in , then in  and . Prior to the work mentioned above, we developed a theory and numerical methods for nonlinear perturbation and noise analysis of oscillators described by a system of ordinary differential equations (ODEs) with white noise sources only [4, 5]. In this paper, we also discuss some open problems and issues in the modeling and analysis of phase noise both in free running oscillators and in phase/injection-locked ones.