India Stock Market Highlights Today: During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280

Iran sanctions can be re-evaluated and then Iran will be back to the market, so again there would be oversupply and the current cut deal will be at risk

Stockpiles of crude in the United States fell a fourth straight week, even as net imports rose, the Energy Information Administration (EIA) said

Saudi Aramco's Chief Executive Officer (CEO) Amin Nasser has said the company is 'still working on the deal to invest in Reliance Industries'

Stock Market Highlights on July 15: Infosys, Axis Bank, Tech Mahindra, Bajaj Finance, Tata Steel, HCL Tech and IndusInd Bank were among the other gainers on Sensex. On the other hand, Bharti Airtel, ITC and Kotak Bank were the laggards

The market is also in a holding pattern ahead of a meeting on July 15 of the market monitoring panel of the Organization of the Petroleum Exporting Countries (OPEC) and its allies

Shell, the world's largest fuel retailer, said it expected a 40% drop in sales in the second quarter from a year earlier to about 4 million barrels per day (bpd), although that is more than its earlier prediction of a drop to 3.5 million bpd

Stock Market LIVE Updates on June 24: HCL Tech, IndusInd Bank, PowerGrid and Infosys were among the laggards. On the other hand, ITC, Bajaj Auto, Bajaj Finance, NTPC and Titan were among the top gainers

The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63

The world's largest oil exporter is suffering from historic price lows, while at the same time measures to fight the new coronavirus are likely to curb the pace and scale of economic reforms launched by Crown Price Mohammed bin Salman

US Coronavirus news: Oklahoma's energy regulator said on Wednesday that producers could close money-losing wells without losing their leases, the first victory for struggling U.S. oil companies seeking relief from states after the market crash

Oil prices have been under pressure as travel restrictions and lockdowns to contain the spread of the coronavirus curbed global fuel demand, leaving ample crude supplies hard to find places to store with demand down 30% worldwide

OPEC said in a monthly report it now expects global demand to contract by 6.9 million barrels per day (BPD), or 6.9%, in 2020 and noted the reduction may not be the last

Organization of the Petroleum Exporting Countries, along with Russia and other producing countries - known as OPEC+ - agreed over Easter to cut output by 9.7 million barrels per day (bpd) in May and June, equal to about 10% of global supply before the viral outbreak

The Saudi energy minister downplayed the move in oil prices on Monday, saying anticipation of the cuts was the reason for a rally in oil prices before the meeting. Since dipping below $22 a barrel two weeks ago, Brent has rebounded by roughly 48%.

\"What this deal does is enable the global oil industry and the national economies and other industries that depend upon it to avoid a very deep crisis,\" said IHS Markit Vice Chairman Daniel Yergin

Group, known as OPEC+, said it had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June, after four days of talks and following pressure from US President Donald Trump to arrest the price decline

Sensex, Nifty Live News Today: All the indices in Asian counterparts turned red, with Nikkei and Kospi dropping the most after the OPEC+ decided to cut 20% global supply of oil to curb fall in price amid virus outbreak.

Domestic investors remained fragile fearing about the rising number of cases and probable extension of the lockdown. Extention of the lockdown will cause a reduction in earnings, potential supply disruptions.

Global fuel demand has plunged by around 30 million bpd, or 30% of global supplies, as steps to fight the virus have grounded planes, cut vehicle usage and curbed economic activity