KEFI (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia.
Elon Musk buys Twitter for $44bn, sacks top executives
Parag Agrawal, Ned Segal, finance director at Musk and Vijaya Gadde, legal affairs and policy chief at Vijaya Gadde were fired by Musk.
Twitter Inc (NYSE:TWTR) shares will be suspended from trading on Friday
Twitter Inc shares will not trade on Friday, according to the New York Stock Exchange. Elon Musk, a billionaire, has been given an Oct. 28 deadline by a court to
Musk Plans to Cut Twitter Workforce by 75% as US authorities are considering national security reviews
Twitter shares have fallen sharply after reports that US authorities are looking into national security concerns over Elon Musk’s purchase of the social media company.
The United States will likely stop arms sales to Saudi Arabia
According to Senator Chris Coons (a close ally to President Joe Biden), the United States will likely stop arms sales to Saudi Arabia as a result of the OPEC+ decision.
Saudi and Russian-led oil cuts could spark global recession according to the IEA
The International Energy Agency warned that a decision by Opec, the Saudi Arabia-led producer cartel, to reduce oil production could lead to a global recession.
President Joe Biden “there will be consequences” for U.S. relations with Saudi Arabia after OPEC+ cut oil production
After OPEC+ last week announced that it would reduce its oil production target, President Joe Biden said Tuesday that “there will be consequences” for U.S.-Saudi relations.
OPEC+ will consider a cut in oil production of more than 1 million barrels per day
OPEC+ will be considering a reduction in oil production of more than a million barrels per day (bpd), OPEC sources stated on Sunday.
Russia is China’s top oil supplier for 3rd month in July
Russia remained China’s top oil supplier in July for the third consecutive month, according to data released on Saturday. Independent refiners increased their purchases of discounted supplies and cut shipments
The week ended with oil prices at multi-month lows due to recession fears
On Friday, oil prices closed higher, recovering some of the losses from this week’s weak U.S. job growth data. However, they closed the week at their lowest level since February
OPEC+ effectively snubs US president Joe Biden’s push to get more oil pumped.
Analysts believe that OPEC+ will increase oil production by a small 100,000 barrels per hour. This is in direct insult to President Joe Biden, who travelled to Saudi Arabia last