Oil

Reports: Iranian Protesters Burn Down 100 Banks, Shops in Gas Protest

Protests in towns and cities across Iran continued Monday despite the use of lethal force against demonstrators by the regime plus a nationwide Internet blackout. The Islamic Revolutionary Guard Corps (IRGC), a designated terrorist organization, threatened “decisive” action if the protests do not end soon.

Protestors attend a demonstration after authorities raised gasoline prices, in the northern city of Sari, Iran, Saturday, Nov. 16, 2019. Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire. (Mostafa …

U.S. Troops Still Fighting Islamic State Remnants, Working with Kurds in Syria

In an exclusive report on Wednesday, Kurdistan24 News described visiting two bases in eastern Syria to talk with the roughly 500 U.S. troops left behind to defend strategically vital oil fields. The soldiers said they are still working with the Kurdish-led Syrian Defense Forces (SDF) militia and conducting operations against Islamic State remnants.

A US soldier sits atop a military vehicle, part of a joint convoy with the Kurdish People's Protection Units (YPG) (unseen) patrolling near the town of Al-Muabbadah in the northeastern Syrian Hasakeh province on the border with Turkey, on November 9, 2019. (Photo by Delil SOULEIMAN / AFP) (Photo by …

Nigeria Signs Military Cooperation Pact with Russia

At a meeting in the Black Sea resort of Sochi on Thursday, Nigerian President Muhammadu Buhari signed agreements with Russian President Vladimir Putin for military cooperation and economic development, including Nigeria’s oil and gas resources. Nigeria is also working with Russia to construct a nuclear power plant.

Russian President Vladimir Putin meets with Nigeria's President Muhammadu Buhari on the sidelines of the 2019 Russia-Africa Summit in Sochi on October 23, 2019. (Photo by Sergei CHIRIKOV / POOL / AFP) (Photo by SERGEI CHIRIKOV/POOL/AFP via Getty Images)

International Response to Attack on Saudi Oil Urges Caution

The international response to an apparent Iranian attack on Saudi Arabia’s oil fields urged caution and a careful investigation before assigning blame for the strike or taking retaliatory action. Many of these responses suggested the world’s oil supply is robust enough to absorb the loss of Saudi production without major economic disruptions.

A picture taken on September 15, 2019 shows the entrance of an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. - Saudi Arabia raced today to restart operations at oil plants hit by drone attacks which slashed its production by half, as Iran dismissed US …