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Companies & Markets Markets Stock Market

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 per cent and Tokyo's Nikkei stock index rose 0.96 per cent. Australian shares were up 0.2 per cent.

Oil Hits Six-Week High On Hopes Of Extended OPEC Output Cuts

In the United States, crude stockpiles are likely to have fallen for a fourth consecutive week last week.

Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide

Companies & Markets

Aramco signed a letter of intent to take a 20 per cent stake in Reliance's oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance announced.

IEA Warns Oil Demand Growth So Far In 2019 Lowest Since 2008

"The situation is becoming even more uncertain ... global oil demand growth has been very sluggish in the first half of 2019," the IEA said in its monthly report.

Oil Edges Up On Expectations Of More OPEC Output Cuts, But Trade Worries Linger

OPEC and its allies including Russia agreed in July to extend their supply cuts until March 2020 to boost oil prices.

Oil Rises Towards $ 65 As Supply Concerns Outweigh Trade Disputes

"OPEC and its allies are doing their best to support the market", said Tamas Varga, an analyst with PVM.

Oil Prices Jump Over 2% as OPEC Set To Extend Supply Cuts

Economy India

US crude futures for August climbed $1.52, or 2.6%, to $59.99 a barrel, after earlier hitting their highest in over five weeks at $60.13.

Oil Prices Stable Amid OPEC Supply Cuts, But US-China Trade War Drags

Economy India

US West Texas Intermediate (WTI) crude futures were at USD 58.54 per barrel, 9 cents below their last settlement.

Oil Rises After OPEC Says To Keep Output Cuts, Iran Tension Rises

Brent crude was up by 90 cents, or 1.3%, at $73.11 a barrel by 0604 GMT, having earlier touched $73.40, the highest since April 26.

Qatar To Withdraw From OPEC As Of January 2019: Minister

The announcement comes ahead of the meeting by OPEC and its allies including Russia on Dec. 6-7 to discuss cutting supply

OPEC Says India Oil Demand To Rise By 5.8 Million Barrels Per Day By 2040

“India is projected to see the largest additional oil demand (3.7 percent per annum) and the fastest growth in the period to 2040,” said Mohammed Sanusi Barkindo, secretary general of the Organization of the Petroleum Exporting Countries

Petrol Crosses Rs 90-Mark In Mumbai, Rates At All-Time High Across Country

Amid rise in international oil prices, the domestic fuel prices have hit an all-time high with Mumbai crossing the 90 mark for the first time ever and clocking Rs. 82.72 per litre in Delhi

Oil Up On OPEC Meeting Uncertainty; Trade Disputes Keep Markets On Edge

Brent crude oil futures were at $73.78 per barrel at 0502 GMT, up 73 cents, or 1 percent, from their last close

Sensex Falls As Oil Companies Slip; Vedanta Hits Over 10-Month Low