The arrival of Iranian fuel arranged by Hezbollah has received a mixed response in energy-strapped Lebanon.
Oil and Gas
Labour expected to form coalition of the left as it seeks to reduce inequality and wean the economy off oil.
Power returns to city but rural areas still suffer after Category 4 hurricane delivers 240km/h punch.
Russia and Belarus on Thursday agreed to tighter coordination in economic policy but stopped short of a common currency.
China’s historic intervention in global oil markets comes as energy costs are surging in the country.
Egypt, Lebanon, Syria and Jordan energy chiefs affirmed their willingness to facilitate transfers of gas to Lebanon.
The hurricane made landfall in Louisiana on August 31, before remnants of the storm ravaged the US northeast.
The contracts were signed as other big oil companies are looking to exit Iraq’s energy sector.
US Coast Guard says clean-up boats are at the scene of a sizable oil spill in the Gulf of Mexico after Hurricane Ida.
The oil company will get 1.5 million barrels of US Department of Energy-supplied crude for its Baton Rouge refinery.
The group took less than an hour to reach an agreement, one of the quickest meetings in recent memory.
Louisiana’s biggest city is facing most extensive US outage since February, no word on when lights will come on.
OPEC+ forecasts a supply deficit this year even as it continues to add production, with a surplus is expected in 2022.
Ida knocked out offshore oil and gas production in the Gulf of Mexico, caused ‘catastrophic’ damage to Louisiana’s grid.