YS Sharmila joins Congress, merges YSRTP ahead of 2024 Lok Sabha polls YS Sharmila, founder and president of YSR Telangana Party and sister of Andhra Pradesh Chief Minister Jagan Mohan Reddy, on Thursday joined the Congress party in New Delhi. #WATCH | YSRTP chief & Andhra Pradesh CM's sister YS Sharmila joins Congress, in the presence of party president Mallikarjun Kharge and Rahul Gandhi, in Delhi pic.twitter.com/SrAr4TIZTC VIDEO | "Today, I am very happy to be merging YSR Telangana party into the Congress party. It gives me immense joy that the YSR Telangana Party is going to be a part of the Indian National Congress from today onwards," says YS Sharmila after the merger of YSR Telangana Party into… pic.twitter.com/OMyGyTUHib Sharmila joined the party in the presence of Congress chief Mallikarjun Kharge and Rahul Gandhi. This development comes shortly after the Congress swept the Assembly polls in Telangana, ending the Bharat Rashtra Samithi (BRS) dominance in the state. Also Read: YS Sharmila, Andhra CM Jagan Mohan Reddy’s sister, likely to join Congress She is the daughter of the former chief minister of Andhra Pradesh, the late YS Rajasekhara Reddy, and the sister of the current Andhra Pradesh CM YS Jagan Mohan Reddy. During the recently held assembly polls in Telangana, Sharmila had announced her support to the Congress to end the alleged corrupt and anti-people rule of the BRS led by K Chandrasekhar Rao.
However, that doesn’t take into account the fact that geopolitical tensions on the Middle East are undeniably rising again which will mean limited downside.”
In the U.S., oil drilling rigs were up by one at 501 last week, Baker Hughes said in its weekly report.JPMorgan forecasted 26 oil rigs to be added this year, most of them in the Permian during the first half of the year.
“The timing of drilling is paramount, as rig additions at the start of the year will contribute to 2H24 production growth,” the bank’s analysts said in a note.
“Despite an impressive 1 mbd of crude and condensate production growth in 2023, we expect 2024 supply to increase by only 400 kbd due to lower completions activity levels vs 2023.”