Day: May 17, 2020

U.S. Oil Companies Line Up With Russia, Saudi Arabia

(Bloomberg Opinion) — American oil producers have cut much more output than you think. Their reaction to market forces has been bigger than official data suggest, and that means the U.S. is actually working alongside Saudi Arabia, Russia and other big oil producers, to help balance oil supply and demand — even if that wasn’t quite what President Donald Trump intended.

Two sets of data from the U.S. Energy Information Administration show that crude production is now about 11.6 million barrels a day, down by between 1.2 million and 1.4 million barrels a day, or roughly 10%, from plateau levels

Nirmala Sitharaman Live Updates, Sitharaman to announce last tranche of economic package, Nirmala Sitharaman Press Conference Live Updates

Press Conference by FM Nirmala Sitharaman Live updates

Nirmala Sitharaman LIVE | Final Tranche of Economic Package: Finance Minister Nirmala Sitharaman’s fifth and last tranche of the Rs 20 lakh crore special economic package focused on the consolidation of PSUs, make the environment conducive for the private companies as to boost ease of doing business, and an additional allocation of Rs 40,000 crore under MNREGA scheme. Besides, the other announcements were related to health, businesses and COVID-19, decriminalisation of Companies Act, and state governments. Under IBC related matters, FM Sitharaman said many businesses have been severely affected by lockdown. The

Airtel recharge plans | The Financial Express

Airtel ‘s latest move to double the data benefits on the Rs. 98 prepaid plan seems to be targeted at Jio.

Airtel has doubled the data benefits of its prepaid upgrade program for Rs. 98. The contract now comes with 12 GB of high-speed data with a validity of 28 days for customers. The telecom service provider had previously used to provide 6 GB of high-speed data with the contract. This package comes with data benefits only and does not have SMS or call benefits. The telecom company also gives customers more talk-time on Rs. 500, Rs. 1,000 and Rs.