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ISIS now has a ‘colony’ in an oil-rich Libyan city just 400 miles from Italy

Despite facing a series of military setbacks throughout Iraq and Syria, ISIS is consolidating its control over a key city in Libya less than 400 miles away from the Italian island of Sicily. Over the past year, ISIS has been deepening its presence in Sirte, a city along Libya’s northwestern Mediterranean …

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MORGAN STANLEY: Iran is the biggest thing for the global economy since the Berlin Wall fell

Iran is entering the global economy, and some investment-bank analysts are starting to get pretty excited. Most outsiders see Iran as an anti-Semitic Islamic state run by extremists who tolerate terrorism (as long as it’s not in Iran). But Iran is also the last large, modern, educated economy …

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Main Illegal Oil Transportation Routes Located on Turkey-Syria Border

Russian Defense Ministry has presented photos of oil delivery convoys at Syria-Turkey border, the head of the Russian General Staff’s operative command said. The general staff has irrefutable evidence on Turkey’s involvement in illegal oil trade. Moscow has called on Turkey to open access to the places where, according to the retrieved Russian intel, …

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Saudi Conflicts With Iran, Russia Set to Leave Oil Price Low

The OPEC oil cartel may face pressure to lower production quotas, as its efforts to defend the market against shale producers is finally paying off. OPEC looks unlikely to reduce production quotas as its strategy of lowering oil prices to maintain market share begins paying off. Saudi Arabia is facing pressure from other …

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Islamic State, Turkey And Oil And The Bigger Picture: Interview With Pelicourt

As the terrorist attack in Paris sparks worldwide fear of similar reprisals and a bloody shootout and hostage situation in a five-star Mali hotel exacerbates those concerns, global energy security reels under the pressure of unfathomable geopolitics. In an exclusive interview with Oilprice.com, Robert Bensh—managing director and partner …

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Emerging Market Power: Russian, Brazilian Presidents Discuss Nuclear Energy

The two leaders had “a very long and informative” discussion, according to the Kremlin spokesman Dmitry Peskov. Russian President Vladimir Putin and Brazilian President Dilma Rousseff discussed bilateral cooperation in nuclear energy, Kremlin spokesman Dmitry Peskov said Thursday.“A whole spectrum in bilateral ties was touched upon, including cooperation in nuclear energy,” …

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