• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 10 hours The Political Debacle: Brexit delayed
  • 14 hours Trump sells out his base to please Wallstreet and Oil industry
  • 12 hours No Mercy: EU Fines Google $1.7 billion For Abusing Online Ads Market
  • 13 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 21 hours Tidal Power Closer to Commercialisation
  • 11 hours New Rebate For EVs in Canada
  • 22 hours Will Trump Cave Again
  • 23 hours Read: OPEC THREATENED TO KILL US SHALE
  • 22 hours Solar to Become World's Largest Power Source by 2050
  • 5 hours Trump Tariffs On China Working
  • 12 hours Biomass, Ethanol No Longer Green
  • 3 hours Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 1 day Oil stocks are heating up again! What's on your Watchlist?

Global Energy Advisory February 26th 2016

Politics, Geopolitics & Conflict

• Our boots on the ground say that Libya’s Special Deterrence Force (Radda) in Tripoli has arrested the Islamic State’s (ISIS) newly appointed “prince” in Sabartha, which is just 60 kilometers west of the capital, Tripoli. The special forces stormed a farm where Mohamed Saad Tajuri (aka Abu Suliman) and his group were hiding out. Abu Suliman and his underlings represented ISIS’ new leadership in the Libyan coastal town of Sirte, which the group controls, along with hundreds of miles of coastline. ISIS is carving a path to the Libyan interior now, heading towards the oil-producing territories in the desert, and Sirte is its main base for operations planning right now. U.S. air strikes will prove a mild hindrance to the ISIS advance at this point, as will alleged covert French operations.

• In Venezuela, where the oil price downturn has led to severe austerity measures that could lead to destabilizing riots, opposition leaders are rallying for the ouster of President Nicolas Maduro. A delegation of opposition deputies headed to Brazil earlier this week on stop one of an international tour to gather international support to legally remove Maduro from power. At issue is a 11 February emergency economic decree enforced by Maduro to deal with the global oil price squeeze. Debt defaults are looming and inflation is soaring. For the first time in decades, the government has moved to increase gas…




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