Energy Information Administration (EIA) on Wednesday. Traders said oil was lifted along with Asian stock markets after a phone call between the U.S. Saudi Arabia and Russian Federation have said they will pump enough to meet demand once US sanctions are imposed. The rise in U.S. oil production to an all-time high of 11.2 mln bpd also weighed on global prices of the fuel.
A Bloomberg report said the United States president had asked officials to begin drafting a potential trade agreement with China , citing unnamed sources. Oil prices recovered after Thursday's plunge of more than two percent on oversupply worries, with USA sanctions on Iran due within days but other major producers ready to pick up the slack.
Trump told The Washington Times in an interview published Friday that he didn't view it as a "Willie Horton ad at all". THE FACTS: No. This is akin to blaming Republicans for criminals who entered the country illegally under Presidents Trump or George W.
Pompeo said the countries agreed that the payments for the oil will go into offshore accounts that Iran will only be able to tap for "humanitarian trade, or bilateral trade in non-sanctioned goods and services". Mnuchin defended the move to allow some Iranian banks to remain connected to SWIFT, saying that the Belgium-based firm had been warned that it will face penalties if sanctioned institutions are permitted to use it.
India has improved its rank in 6 out of 10 indicators and has moved closer to global best practices (Distance to Frontier score) on 7 out of the 10 indicators. China and India - two economies with the largest populations - are among top 10 improvers this year. "The obvious area and target for improvement are registering property, starting a business, insolvency, and taxation and the fifth one is enforcement of the contract", he said.
Both the Government and the Central Bank, in their functioning, have to be guided by public interest and the requirements of the Indian economy. Section 7 of the RBI Act empowers the government to issue directions to the central bank, after consultation with RBI Governor , on issues that it considers serious and of public interest.