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Oil Prices Fall Despite Supply Fears

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Global Energy Advisory February 24th 2017

Mosul

Politics, Geopolitics & Conflict

• Clashes continue in the Libyan capital Tripoli between various militias. Since Thursday, nine people have been killed and residents are fleeing the Abu Salim neighborhood in the city center. The clashes pit forces allied with the UN-backed Government of National Accord (GNA) and a newly former militia guard. This is the blowback

• Iraqi forces have moved in to Mosul today, after taking the airport from ISIS on Thursday. In the meantime, a new report from the International Center for the Study of Radicalization and Political Violence says that ISIS’ income has dropped by half over the last two years, according to a report from the International Center for the Study of Radicalization and Political Violence. Much of this income used to come from oil: some $550 million in 2015, which fell to $250 million last year. The total income, comprising looting and confiscation, oil, taxes, and kidnappings, fell from $1.87 billion in 2014 to $870 million last year. Over the period, IS lost over 60% of the territory it controlled at the start.

• Trump continues to provoke the intelligence community, lashing out at the FBI over ‘leaks’ that are connecting his administration to Russia prior to his inauguration. It has now been revealed the one of his aides asked the FBI to discredit stories connection his administration to Russia—a request the FBI has refused out of hand. While Trump is attempting…

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