4 Filipinos among 9 foreigners abducted from Libya oil field
The Al-Ghani oil field had suspended operation for two weeks prior to the attack and most of the workers had left by the time the gunmen arrived there, he added.
View ArticleU.S. embassy in Saudi Arabia warns of kidnapping plot against Western oil...
Affiliates of terrorist groups may be planning to kidnap Western oil workers in Saudi Arabia, the U.S. embassy in Saudi Arabia warned over the weekend.
View ArticleIraq’s February oil exports below planned level for Islamic State fight
Crude exports in February averaged 2.596 million barrels a day — almost a million barrels less than planned.
View ArticleCheap crude and ISIS fighting will slow Iraq oil production growth next year
Iraq, the biggest producer in the Organization of Petroleum Exporting Countries after Saudi Arabia, pumped a record 4.4 million barrels a day in June, according to data compiled by Bloomberg.
View ArticleDespite U.S.-led campaign, Islamic State rakes in oil earnings
Oil sales — the extremists' largest single source of continual income — are a key reason they have been able to maintain their rule over their self-declared "caliphate" stretching across large parts of...
View ArticleKuwait budget down 60 percent on low oil prices, emir says
Emir Sheikh Sabah Al Ahmad Al Sabah's comments, coming as he addressed parliament as it began its new session, did not include any specifics about what cuts may be in the works.
View ArticleOil crash spreading political strife around the world, State Department rep says
The collapse in oil and natural gas prices is creating an uneasy situation for some producing nations that rely on that revenue to function, a U.S. state department official said Tuesday at a...
View ArticleIslamic State commander linked to slaying of Apache worker in Egypt has been...
Aly Ashraf Hassanein al Gharabli ran operations for an ISIS-linked militant group that claimed responsibility last year for murdering William Henderson.
View ArticleLibya issues `cry for help’ as Islamic State attacks oil tanks
Militants attacked an oil tank in Es Sider on Tuesday, setting it on fire, according to a statement on the NOC website.
View ArticleOil plunge imperils Iraq’s fight with Islamic State, Abadi says
The conflict with Islamic State, which swept through swaths of northern Iraq in the summer of 2014, has destroyed economic infrastructure, disrupted trade and discouraged investment.
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