By Reuters Saudi Arabia pushed other OPEC+ nations into an output cut last week, the White House claimed on Thursday, part of an escalating war of words between the two countries. “More than one” OPEC member disagreed with Saudi Arabia’s push to cut production and felt coerced into the vote, National Security Council spokesman John

By Anadolu Agency The US is “reviewing” consequences for Saudi Arabia after a decision by OPEC+ to cut oil production, Secretary of State Antony Blinken said Thursday. “We are not only deeply disappointed in that, we think it’s short-sighted. And as the President’s made very clear, that decision has to have consequences and that’s something

By Business Daily Africa Kenya defaulted on repayment of the Chinese loans provided to build the standard gauge railway (SGR), highlighting the country’s struggles with the mounting public debt. The Chinese banks fined Kenya Sh1.312 billion in the year ended June for loan defaults, according to Treasury documents seen by Business Daily. Kenya tapped over

By The Associated Press A new liquefied natural gas project off Africa’s western coast may only be 80% complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Poland and Germany. The initial field near Senegal and Mauritania’s coastlines is expected to contain about 15 trillion cubic feet

By The East African Kenya Airways has reduced its fleet by two more planes as part of cost-cutting measures seeking to steady the loss-making airline. Latest data shows that the national carrier’s fleet size narrowed in the last nine months to 41 aircraft from 43 in December 31, 2021, after two leased Embraer 190 aircraft

Qatar Energy CEO and Qatar’s State Minister for Energy Saad al-Kaabi By Reuters The head of QatarEnergy, who is also Qatar’s energy minister, said on Monday the company wants to speed up the development of two oil wells it discovered off the Namibian coast with joint venture partners earlier this year. Saad al-Kaabi said drilling

A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018. Photographer Axel Schmidt/File Photo/File Photo/File Photo By Reuters Deliveries can resume for Lockheed Martin Corp’s F-35 jet under a waiver allowing Chinese-origin alloy to go into an engine part, the Pentagon said on Saturday. In September the

Residential housing in south London, Photographer Henry Nicholls By Reuters British house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely to exert “more significant downward pressure” soon, mortgage lender Halifax said on Friday. House prices fell by 0.1% from August, Halifax said. In

By Anadolu Agency The US national debt exceeded $31 trillion for the first time amid rising interest rates to tame the record-high inflation, and growing economic uncertainty, according to Treasury Department data. The total public debt outstanding amounted to just over $31.1 trillion, the data showed on Tuesday. In July, the Congressional Budget Office (CBO)

By Business Daily Africa The World Bank has downgraded Kenya’s 2023 growth outlook to 5 percent amid concerns over increased commodity prices including fuel and the effects of an ongoing drought. The Bank had earlier projected the country’s growth at 5.5 percent but the prospects have been dampened by high inflation rates and food insecurity