Brent futures extended gains to climb up $8.05, or 8.8 per cent to $100.03 at 10:25 a.m. ET or 1425 GMT, while U.S. West Texas Intermediate crude climbed $8, or 9.2 per cent to $95.25
The weighted average call rate (WACR) has stayed around 5.07 per cent , since the start of February, even while the policy repo rate remains at 5.25 per cent
The Deutsche Post DHL group has announced more than 500 million euros ($577 million) in investment in the Middle East through 2030, especially in Saudi Arabia and the UAE
IEA's record 400-million-barrel reserve release aims to stabilise global oil markets after the Strait of Hormuz closure triggered one of the biggest energy shocks in decades
The most immediate impact would be on India's current account deficit. This concern has pushed the rupee to a record low and forced the central bank to sell dollars from its reserves
The halt applies to cargoes that had yet to clear customs as of March 11 and goes beyond last week's move by Beijing urging refiners not to agree to new exports
The new chips are part of the company's Meta Training and Inference Accelerator (MTIA) program and the first of the new chips, called the MTIA 300 is in use
IEA's release is aimed at preventing a further rise in oil prices and is more than double the 182 million barrels released in 2022 following Russia's invasion of Ukraine
USTR Jamieson Greer said that Section 301 unfair trade practices probe could lead to new tariffs imposed against China, the European Union, India, Japan, South Korea and Mexico by this summer
British bank Standard Chartered has a large presence in the United Arab Emirates, with Dubai now a large financial hub for leading international banks including JPMorgan and HSBC
"We won't allow even one litre of oil to reach the US, Zionists (Israel) and their partners. Any vessel or tanker bound to them will be a legitimate target," Ebrahim Zolfaqari said
Brent futures traded up $3.31, or 3.8%, at $91.11 a barrel by 1159 GMT. US West Texas Intermediate (WTI) traded $3.13 higher, also 3.8%, at $86.58 a barrel
The details of who accessed a server at the FBI's New York Field Office, including the allegation that a foreign hacker was involved, are being reported here for the first time