• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 1 min Oil prices going Up? NO!
  • 1 day Could Venezuela become a net oil importer?
  • 3 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 1 day Tesla Closing a Dozen Solar Facilities in Nine States
  • 1 hour Could oil demand collapse rapidly? Yup, sure could.
  • 1 day Gazprom Exports to EU Hit Record
  • 1 day EU Leaders Set To Prolong Russia Sanctions Again
  • 1 hour Oil prices going down
  • 1 min Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 1 day Why is permian oil "locked in" when refineries abound?
  • 1 day Oil Buyers Club
  • 8 mins Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 16 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day EVs Could Help Coal Demand
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
Alt Text

Nigeria’s Oil Strike Stokes Fear In Markets

A Nigerian oil workers union…

Alt Text

Can Nigeria And Libya Avoid A Production Cut?

Nigeria and Libya were exempted…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Kenyan Security: Paying for Somalia

Bottom Line: Somalia-based al-Shabaab radical Islamist group has claimed responsibility for the 21 September attack on Nairobi’s Westgate mall. This indicates a further weakening of the group in Somalia and is a precursor to potentially more attacks of reciprocity as the group struggles to re-position itself.


Analysis: The al-Shabaab siege on the Westgate mall in Kenya’s capital left 72 dead and some 200 injured. Five militants were among the dead. More than 30 people have been killed in bomb and grenade attacks launched by al-Shabaab since Kenya deployed troops to Somalia to quash them in October 2011. The 21 September attack on the Westgate mall represents a sharp escalation of al-Shabaab’s agenda, and we are likely to see more of this, as long as Kenya refuses to withdraw its troops from Somalia. We also expect an increase in kidnappings in Kenya to further pressure a withdrawal. Al-Shabaab has been severely weakened in Somali largely by Kenyan forces and its capabilities now are in line with attacks like that on the mall, and kidnappings, with help from plentiful al-Shabaab sympathizers in Kenya.

Recommendation: The group could seek to focus on kidnappings of Western oil workers—because this sector is most important to energy-hub aspirant Kenya at this time, and successful kidnappings of this nature would raise the stakes for Kenya in terms of foreign investor confidence. What will be viewed as a “successful” attack…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News