Louisiana Light • 2 days | 74.87 | +0.86 | +1.16% | |||
Bonny Light • 24 hours | 75.68 | -0.89 | -1.16% | |||
Opec Basket • 3 days | 75.47 | -1.62 | -2.10% | |||
Mars US • 7 hours | 71.59 | -1.24 | -1.70% | |||
Gasoline • 22 mins | 2.598 | -0.014 | -0.55% |
Bonny Light • 24 hours | 75.68 | -0.89 | -1.16% | |||
Girassol • 24 hours | 78.20 | -0.88 | -1.11% | |||
Opec Basket • 3 days | 75.47 | -1.62 | -2.10% |
Peace Sour • 23 hours | 66.78 | +0.79 | +1.20% | |||
Light Sour Blend • 23 hours | 68.08 | +0.79 | +1.17% | |||
Syncrude Sweet Premium • 23 hours | 77.03 | +0.79 | +1.04% | |||
Central Alberta • 23 hours | 66.38 | +0.79 | +1.20% |
Eagle Ford • 2 days | 69.01 | +0.79 | +1.16% | |||
Oklahoma Sweet • 2 days | 69.00 | +0.75 | +1.10% | |||
Kansas Common • 3 days | 62.00 | +0.00 | +0.00% | |||
Buena Vista • 7 days | 76.40 | +1.64 | +2.19% |
With the debt ceiling raised…
Motivated by the goal to…
A source from security forces in Iraq has told Bloomberg that they have just foiled an attempted al Qaeda plan to pack Oil tanker trucks full of explosives and then drive them into a major oil facility in Baghdad before detonating the bombs.
The exact facility was not named as the investigation into the attack is still on-going, but it may have been one of three key oil facilities in the area, that include the Doura oil refinery, an oilfield to the east of Baghdad, and a gas facility to the north.
Bloomberg reported that violence in the country has increased this year as al Qaeda, the Islamic State of Iraq, and other Sunni Islamist militant groups have increased the number of attacks in an attempt to encourage a widespread sectarian conflict.
Related article: Iran's New President Won’t Bring Anything New
National security forces have been on high alert after a series of attacks against a key pipeline that carries oil from Iraq’s northern oilfields to the Turkish port of Ceyhan.
With the world’s fourth largest oil reserves, oil infrastructure is vitally important to Iraq’s plans to rebuild the country after years of war since the 2003 US invasion. Over the coming years Iraq hopes to boost its oil production to similar levels as Saudi Arabia and Russia.
A senior official said that they “have arrested a key local leader of al Qaeda who organised the plan to launch a major attack against a large oil facility in Baghdad.”
By. Charles Kennedy of Oilprice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com