Islamic State militants re-entered the historic city of Palmyra in central Syria on Saturday for the first time since they were expelled by Syrian and Russian forces nine months ago.
Two Italian hostages have been freed from Islamic State captivity in western Libya, local officials say.
Fuel produced by IS (Islamic State) is allegedly being sold at gas stations in Bulgaria.
Fresh footage from the Pentagon has shown air strikes on an IS (Islamic State) gas and oil plant in Syria.
Coalition military forces say they have destroyed six IS (Islamic State) rigs near Raqqah as efforts to against the terrorist group continue.
Terror group Islamic State (IS) raises up to $4.5million (£3.1million) a day, according to the UK Government.
A leading middle east expert believes Islamic State is more focused on ideology rather than gaining additional oil supplies as it targets Libya's oil ports.
Russia has released dramatic images of ISIS targets being destroyed by its air force in Syria. Footage and images were released by the Russian Ministry of Defence which showed positions, including tanker trucks, being targeted.
The international community must take concerted action to “choke off” funding to Islamic State (IS), Britain has warned. Chancellor George Osborne and Foreign Secretary Philip Hammond said it was essential that jihadists - who have seized control of vast oilfields in Syria and Iraq - were isolated from the international financial system. Writing in The Daily Telegraph ahead of a meeting of United Nations Security Council finance ministers in New York to discuss action against IS, they said weaknesses in IS’ funding network must be exploited.
Islamic State (IS) terrorists could now be armed with chemical weapons if Britain had not acted to thaw relations with Muammar Gaddafi, Tony Blair has insisted. The former Prime Minister mounted a robust defence of his diplomatic detente with the Libyan dictator, arguing that otherwise his stockpile of illegal armaments could still be in circulation. Mr Blair also disclosed that he telephoned Gaddafi “two or three” times in 2011 to try to get him to give up power peacefully - but refused to criticise David Cameron for using force to overthrow the regime.
A top US official has claimed the Syrian government has been buying oil from the terrorist group Islamic State (IS). Adam Szubin, currently the Treasury’s acting under secretary for Terrorism and Financial Intelligence, said although some crude was making its way over the border to Turkey a “far greater amount” was ending up in areas under Bashar al-Assad’s control.
Russia’s defence minister said its military had launched the strikes in Syria for the first time from a submarine stationed in the Mediterranean. The move was made as the country continues to target oil hotspots being used by Islamic State as it looks to profit from crude oil in the region.
Russia’s deputy defence minister has accused the Turkish president and his family of personally benefiting from the illegal oil trade with Islamic State militants.
Russia is planning to circulate a draft United Nations resolution that will tighten the world body’s crackdown on financing terrorist groups including the Islamic State (IS).
Iraq’s Kurdish region, where Genel Energy Plc and DNO ASA pump oil, delayed a target to produce 1 million barrels a day as the cost of fighting Islamic State militants saps resources.
RAF jets could strike at Islamic State’s oil infrastructure in Syria in an effort to cut off the terrorists’ supply of funding, George Osborne has indicated.
Russia has warned it will target tanker trucks believed to be connected to Islamic State (IS) in Syria. The country released footage which showed its fighter jets have been targeting oil trucks as well as a refinery as it looks to cut the terror group’s main source of income. Russian military official Andrei Kartapolov was quoted by news sources in which he said his country was in a “free hunt” against tanker trucks carrying oil products believed to be belonging to terrorists.
Islamic State militants have returned to the outskirts of a strategic Iraqi oil refinery town after being driven out last month, officials said. Raed Ibrahim, governor of Salahuddin province, said the militants had fought their way to the edge of Beiji after three days of heavy clashes. He added that they were able to advance because Iraqi troops lack heavy weapons.