Instead of the average monthly import order of 14.8 million barrels, the Indian state-run oil refiners have placed orders for just 9.5 million barrels of Saudi oil in May

It set the Arab light price for Asia at +$1.8/barrel versus Oman/Dubai average, at +$0.85/barrel versus ASCI for the U.S. and at -$2.4/barrel versus ICE Brent for Europe, the company said

The group, which has been implementing deep cuts since oil prices collapsed in 2020 due to the coronavirus crisis, agreed to ease production cuts by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400,000 bpd or so in July

Moody's Analytics also pointed out that core inflation rose to 5.6 per cent in February from 5.3 per cent in January, and called it 'uncomfortably high'.

In Delhi, petrol rates were cut by 22 paise per litre and diesel by 23 paise per litre, respectively, on March 30, as per the IOCL data. Currently, the cost of one litre of petrol in Delhi is Rs 90.56 per litre and diesel is priced at Rs 80.87 per litre

Stock Market News Update Today: NTPC, HDFC Bank, HCL Tech, Infosys, Titan Company, Hindustan Unilever Ltd (HUL), Nestle India, ONGC, Dr Reddy's Laboratories, IndusInd Bank, Power Grid Corporation of India were among top Sensex gainers

The 400 metre (430 yard) long Ever Given became wedged diagonally across a southern section of the canal amid high winds early on Tuesday, blocking one of the world's busiest waterways

Over 200 vessels are waiting on North and South sides of Suez Canal and about 60 vessels are getting added to queue on a daily basis. This route is used for Indian exports or imports worth $200 billion to or from North America, South America and Europe

Brent crude slid fell $2.79, or 4.3%, to $61.62 a barrel by 11:20 a.m. EDT (1520 GMT). US West Texas Intermediate (WTI) crude fell $3.20, or 5.2%, to $57.98 a barrel

The fuel prices were cut by 19-21 paise while diesel rates fell by 19-22 across the major cities in the country

Stock Market News Update Today:Maruti Suzuki, Bharti Airtel, Reliance Industries, HUL, Bajaj Finance, ONGC, NTPC, Ultratech Cement were among the top laggards, while Dr. Reddy, HDFC, ICICI Bank and L&T were among top gainers

Stock Market News Update Today: The BSE Sensex witnessed broader-based selling with 28 out of 30 BSE index heavyweights ending in red amid fear that second and third wave infections in India are bound to hamper economic recovery

Stock Market News Update Today: Tech Mahindra, Tata Consultancy Services, Sun Pharmaceutical Industries, Dr. Reddy's Laboratories and Infosys were among notable gainers, while IndusInd Bank, Power Grid Corporation of India, ICICI Bank, HDFC Bank, Axis Bank, Reliance Industries were among top losers

Bank of America analysts said that Aramco would offer more than the promised $75 billion as dividend in this year. Aramco is now gearing up for a second public offering of shares

Petrol and diesel rates haven't risen for over a week, albeit the sporadic and minor increases in some cities. Meanwhile, consultations are on between the Centre and states to cut taxes on both the fuels

Stock Market Updates Today: Bajaj Finance, Sun Pharma, Tech Mahindra were the top Sensex gainers rising up to 2.34%

In West Bengal, which has assembly elections in April, fuel rates have remained steady.  Petrol and diesel rates in Kolkata have remained unchanged at Rs 91.35 per litre and Rs 84.35 per litre, respectively since February 27

Stock Market Updates Today: Kotak Mahindra Bank, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance, Axis Bank, M&M were among top gainers, while ONGC, Power Grid Corporation, Dr. Reddy's Laboratories, NTPC and Bharti Airtel were among top laggards

Stock Market Updates Today: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were among top gainers, while Bajaj Finance, IndusInd Bank, UltraTech Cement and HDFC were among top losers

Stock Market Updates Today: HDFC Bank, HDFC, L&T, Bajaj Finserv, Axis Bank, Kotak Mahindra Bank were among top losers, while ONGC, Infosys, Sun Pharma, Mahindra & Mahindra were among top gainers