Tag: militants

Nigeria’s allure dulled by oil price, Boko Haram

Seven months since the government rebased its economy to claim it was Africa’s largest, at about $523 billion, the central bank has devalued its currency and pushed the benchmark interest rate to a record 13 percent.  More »

Iraq’s biggest oil plant to reopen after militants ousted

Iraqi troops will expel the militants from areas near a pipeline supplying the refinery 130 miles north of Baghdad.  More »

Tanker carrying disputed crude hasn’t moved or unloaded oil

A tanker remains anchored off Galveston two weeks after it arrived carrying 1 million barrels of crude it can’t unload because of a dispute involving ownership of oil produced in Iraq.  More »

Iraq militants launch fresh raid on oil refinery

Sunni militants launched a dawn raid Wednesday on a key Iraqi oil refinery they have been trying to take for days but were repelled by security forces, a commander on the scene said.  More »

Iraq upheaval threatens oil development plans

The turmoil in Iraq has thrown the OPEC member’s ambitious plans to boost oil production into doubt, threatening to crimp its most vital economic lifeline.  More »

Five things to know about how Iraq’s turmoil affects oil markets

Sarah Haggas, an expert on the Middle East region for the energy team at consulting firm IHS, explains what you need to know about how turmoil in Iraq by militant group ISIS is affecting the energy sector.  More »

Oil prices end week with a slight gain

A battle for control of Iraq’s biggest refinery remained undecided.  More »

Report: Most Iraq oil production unaffected by turmoil

Most of Iraq’s oil production has been unaffected by militant violence, according a report by analysts at IHS.  More »

Militants fly their black flags over Iraq refinery

Sunni militants hung their black banners on watchtowers at Iraq’s largest oil refinery, a witness said Thursday, suggesting insurgents have ever-increasing stranglehold on the vital facility.  More »

Half-price Kurd oil threatens Iraq breakup with Turkish help

A tanker containing a million barrels of crude oil is floating around the Mediterranean, and its cargo is available at half-price. Yet if any country seizes the bargain, it may be pushing Iraq closer to disintegration.  More »

Oil barely changed as market watches Iraq turmoil

Higher oil prices could mean U.S. drivers won’t see an expected decline at the pump ahead of the July 4th holiday.  More »

‘Big Men’ follows West Africa’s conflict over oil riches (video)

“Big Men”, now playing at Sundance Cinema in downtown Houston, follows the conflict between militants, government and business for the riches that flow from West Africa’s oil wealth.  More »

Algeria hostage crisis ends; Katy man killed

Katy resident Frederick Buttaccio was killed in the attack on a natural gas facility in Algeria. Another Houston-area man also was taken captive. His fate is unknown.  More »

Militants attack gas pipeline in Egypt

Suspected Islamist militants today attacked a gas pipeline in Egypt’s Sinai Peninsula that transports fuel to neighboring Israel and Jordan, officials said.  More »