U.S.

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U.S.

Major PH energy and infrastructure projects to be funded by US offers

In an effort to increase power supplies, lower electricity prices, and draw in investors, the US is thinking of funding renewable energy and infrastructure projects in the Philippines through its development financing arm. To discuss this, US Undersecretary of State Jose Fernandez met with representatives from mining corporations and the

Saudi Arabia

The U.S. was warned by the Crown Prince of Saudi Arabia if it responded negatively to oil price decreases.

Amid rising energy costs and the US midterm elections, President Biden threatened Saudi Arabia with repercussions if it reduced its oil supply. Although the Saudi government defended its course of action, Crown Prince Mohammed promised to change the situation and levy financial penalties. The memo states that the crown prince