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2 days ago | 
oilprice.com | Alex Kimani
OPEC launched a major initiative to define maximum sustainable production capacity. According to Standard Chartered, this effort is expected to enhance transparency, limit quota manipulation, and stabilize oil markets over time. The initiative also makes it much harder for some OPEC+ members to obfuscate the degree of their non-compliance with their pledges.
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2 days ago | 
tv47.digital | Alex Kimani
The Kibera High Court in Nairobi has denied bond to three suspects linked to the murder of MP Charles Ong’ondo Were. In a ruling made on Wednesday, June 4, Justice Diana Mochache denied the suspects’ bond after one of the suspects threatened to kill a prosecutor who was handling the case.
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3 days ago | 
tv47.digital | Alex Kimani
The Judicial Service Commission (JSC) has announced 45 vacancies in the office of judges of the superior courts, months after freezing the exercise last year over budget cuts. In a gazette notice dated June 4, 2025, Chief Justice Martha Koome announced 45 vacancies for 15 positions of the Judge of the Court of Appeal, 20 for the Judge of the High Court, and 10 for the Judge of the Environment and Land Court.
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3 days ago | 
tv47.digital | Alex Kimani
Interior Cabinet Secretary Kipchumba Murkomen has declared Friday, June 6 a public holiday to mark Eid ul-Adha. Murkomen informed Kenyans of the public holiday via a Gazette Notice dated May 4, 2025.
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3 days ago | 
tv47.digital | Alex Kimani
Kenya’s real estate market, which saw significant growth between 2010 and 2012, has since experienced a notable slowdown, a trend attributed to persistent market shocks. Speaking on TV47’s “Morning Cafe” show on Tuesday, financial and insurance analyst George Munga delved into the reasons behind this sluggish growth in recent years.
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4 days ago | 
oilprice.com | Alex Kimani
Crude prices lingering below $65 are benefiting U.S. consumers at the pump, but they’re squeezing shale producers. Key shale players like Diamondback, Liberty, and Coterra are cutting production, scaling back rigs, and warning of dividend risks. The U.S. shale sector may face a sharp contraction of up to 500,000 bpd by year-end, with the rig count already down 7% since January.
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5 days ago | 
oilprice.com | Alex Kimani
Trump’s new House-passed bill aims to repeal key clean energy tax credits, including the 45V hydrogen subsidy and the 48 Investment Tax Credit, jeopardizing major U.S. hydrogen and ammonia projects. Companies like Air Products, CF Industries, and Plug Power warn that losing 45V credits could make low-carbon hydrogen economically unviable. While hydrogen loses ground, carbon capture survives intact, with 45Q tax credits preserved, for now.
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1 week ago | 
tv47.digital | Alex Kimani
Kiambu High Court has dismissed a petition filed by 13 police officers, a National Intelligence Service (NIS) officer, and a Kenya Wildlife Service (KWS) warden seeking to stop the Director of Public Prosecutions (DPP) from prosecuting them in a murder case of two Indian nationals and a Kenyan. Prosecuting Lady Justice Abigael Mshila ruled that their petition lacked merit and failed to meet the required legal threshold alowing the DPP to proceed with murder charges againist them.
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1 week ago | 
oilprice.com | Alex Kimani
OPEC+ is expected to modestly raise July production targets by 411,000 bpd, but actual output increases will likely be smaller due to overproduction adjustments and operational issues in some countries. Global oil demand remains steady, with StanChart projecting 1.17 million bpd growth in 2025. StanChart forecasts a balanced market in Q2–Q3, even if all voluntary cuts are lifted.
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1 week ago | 
oilprice.com | Alex Kimani
South Africa is looking to U.S. LNG over a period of 10 years. South Africa is also exploring areas of cooperation with the U.S. in various technologies, including fracking. South Africa currently imports most of its gas from Mozambique via pipeline, with Mozambique’s $20 billion natural gas and LNG project facing repeated delays.
