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Shell boosts crude output in top U.S. shale field to 250,000 bpd
(Reuters) – Royal Dutch Shell, which plans billions of dollars in spending on shale drilling projects, boosted output in the top U.S. shale field to 250,000 barrels per day in December, the company’s Permian Basin head said on Wednesday. Shell plans to spend about $3 billion per year for the next five years on shale […]
Record dive in German business activity shows ‘shocking’ coronavirus impact: PMI
BERLIN (Reuters) – Germany’s private sector recession deepened in April as services and manufacturing suffered record falls in output due to the coronavirus outbreak and measures to contain it, a survey showed on Thursday. IHS Markit’s flash composite Purchasing Managers’ Index (PMI), which tracks the manufacturing and services sectors that together account for more than […]
Biden Moves Cautiously on Health Care
Biden starts turning back Trump’s attacks on Obamacare, and General Motors makes a big commitment. It’s Friday, and this is your politics tip sheet. Sign up here to get On Politics in your inbox every weekday. Where things stand President Biden yesterday continued his rat-a-tat run through the major policy areas he focused on during […]