Fed chair Kevin Warsh said the Fed can begin seriously considering when to buy Treasuries.

Vedanta Oil & Gas said it will invest $5 billion over the next five years to raise oil and gas output to about 500,000 barrels of oil equivalent per day, more than fivefold its recent level. The company reported average production of 87,200 bbl/d in the fiscal year ended March 31 (down from over 210,000 bbl/d a decade ago) and expects about 100,000 bbl/d this fiscal year. Vedanta said the investment will focus on improved recovery at mature fields and new field development to offset declining mature-field output and help reduce India’s energy import reliance; it aims for its volumes to account for over half of India’s crude production.

美联储理事沃勒：让市场感到意外并不是一个好主意。