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Lebanon impasse deepens as financial strains grow

Lebanon’s political impasse has deepened after a tentative deal on a new prime minister unraveled, leaving the country rudderless as it grapples with the worst economic crisis since the 1975-90 civil war. Six weeks since Saad al-Hariri resigned as prime minister, prompted by protests...

Algeria to cut oil output by 12,000 bpd under new OPEC deal

 OPEC member Algeria will reduce its crude oil output by 12,000 barrels a day to comply with a deal agreed by other producers with the aim of balancing the global oil market, Energy Minister Mohamed Arkab said on Monday. OPEC and non-OPEC producers led by Russia last week agreed a new...