ISIS is making up for lost revenue from coalition strikes on its oil infrastructure by squeezing the population under its control through high taxes.
Libya’s Petroleum Facilities Guard captured a town near the country’s biggest oil port of Es Sider after clashes with Islamic State militants as the divided country works to reunite factions and revive the economy and oil production.
Illegal oil and weapons are still managing to flow across the Syrian-Turkish border is said to be continuing despite targeted attacks on Islamic State (ISIS), according to reports.
US oilfield services company Weatherford has insisted it was not responsible or liable for "highly dangerous" radioactive material stolen last year from a storage facility in southern Iraq.
IS (Islamic State) are said to have reduced the salaries of fighters – because of the low oil price.
Israel’s defence minister has alleged ISIS (Islamic State) has been funded with “Turkish money”. Moshe Ya’alon made the claim as he said the Turkish government was not pulling its weight in the fight against the network.
ISIS (Islamic State) has attacked installations close to Libya’s Ras Lanuf terminal as it threatened of more attacks in coming days. According to reports from the region, at least two storage tanks from the Harogue Oil Operations company were set on fire near to the country's leading oil terminal.
Iraqi Kurds, who field one of the most effective ground forces fighting Islamic State (IS) militants, are urgently asking America to help ease their budget crisis made worse by slumping oil prices and 1.8 million people who have fled fighting in Iraq and Syria. Representatives from the Kurds’ semi-autonomous region of northern Iraq said without help from the US or its allies the Kurds’ fighting force, known as the peshmerga, would be hampered in their fight against IS.
Libya’s National Oil Corporation has emptied storage tanks as a precaution after attacks by ISIS (Islamic State) on the country’s two biggest oil ports last week. An official from the company said the tanks in Ras Lanuf had been emptied and moved to a safer location.
Security guards trying to protect an oil port in Libya have been killed after fierce battles with ISIS (Islamic State).
Islamic State (ISIS) have resumed an attack as they clash with guards in a bid to enter Libya’s oil port of Sidra. The fierce battles have reportedly left two members of the Petrol Facilities Guard militia dead.
Islamic State (ISIS) militants have been battling to seize the largest oil depot in Libya, according to reports. The Telegraph said the terror group, which previously gained control of former leader Colonel Gaddafi’s home city of Sirte, has reportedly been involved in clashes with guards trying to protect Sidra oil port.
ISIS (Islamic State) employed more than 2,000 workers at its peak as it looked to make millions of dollars from oil in Syria and Iraq.
British Tornado jets hit seven targets in eastern Syrian oil fields in a mission described as landing a “very real blow” by Defence Secretary Michael Fallon.
The bombing of oil fields in Syria robs civilians of the infrastructure they depend upon in their day-to-day lives and will further alienate the local people from the Western cause, experts on the Middle East have warned.
RAF bombing raids on oil wells in eastern Syria have dealt a “real blow” to the financing of terror group Islamic State, Defence Secretary Michael Fallon has said.
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.
Oil and gas engineers are being told to "name their price" when applying for jobs with Islamic State, according to an international terrorism expert.
Terrorist groups are cashing in on $1million in crude sales every day, according to the new Global Terrorism Index.
Security forces are reported to have killed an operative working for ISIS who masterminded the killing of an Apache worker in Egypt last year. According to media reports, Aly Ashraf Hassanein al Gharabi, had been responsible for running operations last year for an ISIS-linked militant group when William Henderson was killed.
The US-led coalition has destroyed 232 oil infrastructures during its airstrike campaign against ISIS.
Labour leader Jeremy Corbyn has accused the SNP of wearing an “anti-austerity badge” while pursuing policies which continue it, or could make it worse in future.
The Islamic State (IS) group is fundamentally no weaker than it was when the US-led bombing campaign began a year ago, American intelligence agencies have concluded.