View full page at energyexch.com

 

Iranian oil fails to end Lebanon’s fuel wars

From arabnews.com

Armed men opened fire at a gas station in the Bekaa valley on Sunday and threatened to kill the owner as Lebanon’s fuel wars continued to spiral out of control. The incident in the town of Beit Chama came amid long queues at gas stations, frequent power cuts and a 20-liter canister of gasoline selling on the black market for 500,000 pounds ($327) when the official price is 180,000 pounds. The fuel shortage has not been eased by the arrival last week of tanker trucks of diesel from Iran, smuggled across the border from Syria in a deal brokered by Hezbollah in breach of US sanctions. A third tanker is at sea on its way ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis