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Finding and extracting oil is expensive. No wonder it’s slowed down. Photographer: Andrey Rudakov/Bloomberg
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ISIS fighters stand guard at a checkpoint in the northern Iraqi city of Mosul, June
11, 2014. REUTERS/Stringer
ISIS in One Year … between Expansion, Collapse
Rabat- On December 28, 2016, the Iraqi Forces kicked off the second phase of Mosul’s liberation after it was postponed many times for logistic and climate reasons. This extended operation came in coincidence with the joining of the Sultanate of Oman to the Saudi-led...Caption:
New Petrobras CEO Parente takes the office
Brazil Energy Ministry Backs Petrobras Fuel-Pricing Independence
Brazil’s energy ministry said on Saturday it supported full independence for Petrobras to set domestic fuel prices, further holding past controls responsibility for burdening the state-controlled oil company with crippling debt that is the oil industry’s...Caption:
A man looks at the stock price board showing the Japan’s benchmark Nikkei 225 index’s huge dive of 517.03 points, or 2.96 percent to 16,973.80 Monday, November 17, 2014 in Tokyo. (AP Photos)
Japan slides into recession as tax hike takes toll
Tokyo, AP—Japan’s economy unexpectedly slipped back into recession as housing and business investment dropped following a sales tax hike, hobbling its ability to help drive the global recovery. The world’s third-largest economy contracted at a 1.6 percent...Caption:
(FILES) – Picture taken on November 8, 2012 shows Euro banknotes projected on a screen during a press conference following the meeting of the European Central Bank (ECB) Governing Council in Frankfurt am Main. The European Commission on June 5, 2013 gave Latvia a green light to join the 17-nation eurozone in January, saying the country had fulfilled the conditions to join the single currency. (AFP PHOTO / DANIEL ROLAND)