Hurricane Sandy pounded the Bahamas with battering winds and rain on Friday, sweeping over the island chain after killing 21 people across the Caribbean and posing a menacing threat to the US East Coast.
Forecasters warned the lat
Saudi Arabia has quit a long-held lease for 5 million barrels of Caribbean oil storage near the key US market and state giant PetroChina is poised to move in, industry sources say, a potentially major shift in global oil trade dynamics.
US President Barack Obama won praise for offering a closer friendship with Latin American and Caribbean leaders at a regional summit but they also urged him to end the US embargo against Cuba.
Obama, attending his first Summit of the Ameri
Abu Dhabi National Energy Company (Taqa), a global energy company, has closed its $320 million acquisition of a 50 per cent equity stake in the existing Caribbean portfolio of Marubeni Corporation.
Commenting on the closing of the t
Abu Dhabi National Energy Company (Taqa), a global energy company, today announced the purchase of a 50 per cent equity stake in the existing Caribbean portfolio of Marubeni Corporation (Marubeni), Japan’s largest trading company.
Tropical Storm Gustav claimed at least 68 lives in the Caribbean and US forecasters said it could hit New Orleans and Gulf of Mexico oil fields as a potentially powerful hurricane next week.
As Gustav churned through the Caribbean, Tropica