Is this part of the slide in the cost of brent crude.
ISSL can sell oil for what ever they can get for it when they have a no cost well.
Islamic State’s Ultimate Goal: Saudi Arabia’s Oil Wells
Re: Islamic State’s Ultimate Goal: Saudi Arabia’s Oil Wells
No. ISIL sells very little oil today. Any move to take on Saudi Arabia will send oil prices a lot higher.
Dip in Brent below 100 is due to weak European demand and strong dollar.
Dip in Brent below 100 is due to weak European demand and strong dollar.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group