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Tag Archives: Islamic State

US plays down IS militants’ gains in Iraq

WASHINGTON — Despite major new setbacks in Iraq, the U.S. military command leading the fight against Islamic State militants insisted Friday that its strategy is working and that the militants’ takeover of a key oil refinery and a government compound are fleeting gains feeding an IS propaganda machine. “We believe across Iraq and Syria that Daesh is losing and remains ...

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Iraqi refinery may be destroyed in battle to save it

BAGHDAD – Islamic State militants have dug trenches around natural gas and hydrogen tanks at Iraq’s largest refinery, raising the stakes in a battle where the price of victory may be the refinery itself. The Baiji refinery remains contested despite more than 300 coalition air strikes in the vicinity since the Islamist insurgents overran the area last June. The militants ...

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IS claims responsibility for Texas cartoon attack

CAIRO — The Islamic State group claimed responsibility on Tuesday for a weekend attack at a center near Dallas, Texas, that was exhibiting cartoon depictions of the Prophet Muhammad — though it offered no evidence of a direct link to the attackers. An audio statement on the extremist group’s Al Bayan radio station said that “two soldiers of the caliphate” ...

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Iraq oil minister says crude exports to hit record in April

WASHINGTON – Iraq’s oil minister said on Wednesday his country’s oil exports should hit a record of about 3.1 million barrels per day in April as output from the country’s southern fields stays strong and weather conditions improve. “In April if nothing disturbs exportations we will hit 3.1 (million barrels per day) Oil Minister Adel Abdel Mehdi told reporters. Iraq’s ...

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Iraq’s February oil exports below planned level for IS fight

BAGHDAD — Iraq’s oil exports for last month were below planned levels, the country’s Oil Ministry said Wednesday, depriving the nation of badly needed funds for its battle against the Islamic State group. Crude exports in February averaged 2.596 million barrels a day — almost a million barrels less than planned. The exports grossed about $3.402 billion, based on an ...

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Analysis: Oil price forecasting — Ignore the experts

JAKARTA — Experts put themselves on a pedestal, making claims to have special forecasting abilities for oil price trends. They, too, one way or another, charge for making those claims. Because of this, they deserve to be investigated. And, depending on the outcome of the investigation, they may also be deserving of ridicule. So, what is driving the oil price ...

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Militants attack oil field in central Libya, kill 8

libya

TRIPOLI, Libya — Militants attacked an oil field in central Libya on Friday, killing eight guards before setting it ablaze in the latest in a spate of attacks on petroleum facilities blamed on a local Islamic State affiliate. The gunmen attacked al-Ghani oil field near the town of Zalla, some 750 kilometers (470 miles) southeast of the capital Tripoli, National ...

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Brent climbs above $61 on Mideast supply concerns

SINGAPORE – Brent crude rose above $61 a barrel on Friday, supported by geopolitical tensions in Libya and Iraq, while traders eyed the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi’ite militiamen and Iraqi soldiers from advancing. In Libya, worsening ...

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