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Oil Prices Rise As ISIS Attack Iraq Oil Pipelines

Tyler Durden's picture




 

UPDATE: And now *YEMEN GUNMEN BLOW UP OIL PIPELINE IN SHABWA: ARABIYA

As oil prices started to slide this morning, following their pop on lower-than-expected API inventory build data, headlines crossed:

  • *ISLAMISTS ATTACK IRAQ OIL PIPELINES EAST OF TIKRIT: IRAQIYA

As we detailed yesterday, Tikrit is key, and this (unconfirmed for now) headline sent WTI and Brent up 40c per barrel (for now).

 

As Blkoomberg reports,

Islamic State militants burned pipelines in Tal Hasiba region east of central city of Tikrit, accord. to state-sponsored Iraqiya television, which didn’t say where it got information.

*  *  *

And the immediate reaction...

 

 

With ISIS suffering from lower cashflows (thanks to lower oil prices), we suspect their efforts to raise oil prices (by any means possible) will continue.

 

Charts: Bloomberg

 

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Wed, 03/04/2015 - 10:36 | 5853727 taketheredpill
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Sources say explosives packaging material found at the scene had "EOG Resources, Texas" printed on the boxes...

 

Wed, 03/04/2015 - 10:45 | 5853747 y3maxx
y3maxx's picture

ISIS.....Israel Suicides Insider Staff

ISIS.....Israel Suicides Insiders Securely

Wed, 03/04/2015 - 10:45 | 5853762 Sages wife
Sages wife's picture

Israeli Secret Intelligence Service

Wed, 03/04/2015 - 10:50 | 5853773 Tall Tom
Tall Tom's picture

With ISIS suffering from lower cashflows (thanks to lower oil prices), we suspect their efforts to raise oil prices (by any means possible) will continue.

 

With Oil Corporations suffering from lower cashflows (thanks to lower oil prices), we suspect their efforts to raise oil prices (by any means possible) will continue.

 

Fixed it for you Tyler.

 

ISIS is a CIA Operation.

Wed, 03/04/2015 - 11:29 | 5853936 Latina Lover
Latina Lover's picture

Dear ISIS:

 

Spasiba (thank you)

 

Vlad.

Wed, 03/04/2015 - 10:50 | 5853775 Chupacabra-322
Chupacabra-322's picture

Bingo! Give that man CeeGar!

ISIS Bombshell Exposed

https://m.youtube.com/watch?v=rBaB35hASdY

Wed, 03/04/2015 - 11:26 | 5853913 doctor10
doctor10's picture

ISIS, ISIL  whatthehell-pretty useful outfit-a reall all around toolkit!

Wed, 03/04/2015 - 10:38 | 5853734 sam i am
sam i am's picture

Saudis will be next,,,

Oil up to $200 soon

Wed, 03/04/2015 - 10:53 | 5853785 greyghost
greyghost's picture

zero hedge was telling us just a few months ago how these thugs were trucking oil across the turkish border at deeply discounted prices. now they want us to believe the isil boys are actually a viable oil exporter......what did they ever do before leaving the goat farms????? i need to start my own news outlet and then trade on the news i release....factual or not. some poster the other day wanted us to believe that the libyan government actually controled the oil in that country...like they control anything in that country.

 

Wed, 03/04/2015 - 11:42 | 5854007 MillionDollarBogus_
MillionDollarBogus_'s picture

Facts are not important.

Collecting $$ from online advertisers is all that matters.

 

Wed, 03/04/2015 - 11:58 | 5854081 Max Steel
Max Steel's picture

hahahah +++ 

Wed, 03/04/2015 - 14:50 | 5854742 RevIdahoSpud3
RevIdahoSpud3's picture

Gaddafi controlled his sphincter while he was having a shovel handle shoved up his ass. Does that count?

Wed, 03/04/2015 - 10:41 | 5853742 Anglo Hondo
Anglo Hondo's picture

So who is buying the oil from ISIS?  Someone must be, if the price they get is falling and causing them problems.

 

Figure that one out first, then cut 'em off.

Wed, 03/04/2015 - 10:52 | 5853780 Max Damage
Max Damage's picture

Turkey, and then shipped to the West. Easy one that

Wed, 03/04/2015 - 10:41 | 5853743 Arkilokoos
Arkilokoos's picture

Oil war coming soon? All sides have stayed clear of attacking the others oil resources, but if  this new tactic is adopted it will be open season across NA and ME on  production, storage and refining centers of  the opposition.  Saudi's take care you are the big target.

Wed, 03/04/2015 - 10:42 | 5853746 Usurious
Usurious's picture

 

 

when will Isis join OPEC?

Wed, 03/04/2015 - 10:43 | 5853751 Chupacabra-322
Chupacabra-322's picture

Criminal Pure Evil Psychopaths at the CIA have been very busy Bees lately.

Wed, 03/04/2015 - 10:44 | 5853756 Sages wife
Sages wife's picture

ISIS has limitless cashflow in the form of US Federal Reserve notes. And their weapons appear magically from the sky. Allah Obama! Allah Obama!

Wed, 03/04/2015 - 10:45 | 5853760 SillyWabbits
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So ISIS is a capitalistic organization!

Probably long oil in some heavily leveraged ETF.

The question is, if you make money on oil because ISIS destroys infrastructure: are those profits terrorists derived?

I imagine Wall Street will be avoiding making money off ISIS doings in the oil patch!

 

 

 

Wed, 03/04/2015 - 10:56 | 5853798 Oswald did it
Oswald did it's picture

Oh how convenient

Wed, 03/04/2015 - 10:56 | 5853800 taketheredpill
taketheredpill's picture

 

 

Seen on baseball caps worn by Yemen gunmen:

 

Ana D'arko

 

 

Wed, 03/04/2015 - 10:58 | 5853813 Chuck Knoblauch
Chuck Knoblauch's picture

Doesn't ISIS realize that too much masterbation leads to blindness?

Wed, 03/04/2015 - 10:59 | 5853815 roadhazard
roadhazard's picture

Oh look, all the sudden it's back to, "trouble in the Mid East" as the reason to raise gas prices.  More bullshit.

Wed, 03/04/2015 - 11:10 | 5853853 Infinite QE
Infinite QE's picture

Zioligarchs buy crude futures minutes before Israel Secret Intelligence Service blows up pipelines.

 

Wed, 03/04/2015 - 11:41 | 5853998 StupidEarthlings
StupidEarthlings's picture

Between this and the killing of the Christians. ..its almost as if isis is following  through with the hopeful agenda of the Us (well its leader anyway)  

Hmm.. noteworthy indeed.

Wed, 03/04/2015 - 12:27 | 5854211 TeethVillage88s
TeethVillage88s's picture

Ah Ha proof that the MIC & Oil Industry might be linked together through Intelligence Operations.

Price of Oil goes up after attack by US Backed Al Qaeda, Mujaheddin, ISIL, ISIS, IS.

Wed, 03/04/2015 - 14:22 | 5854650 Jameson18
Jameson18's picture
Crude Plunges On Biggest Weekly Inventory Build In 14 Years

Did it go up or down? The info at ZH is getting exhausting.

Wed, 03/04/2015 - 14:37 | 5854693 RevIdahoSpud3
RevIdahoSpud3's picture

ISIS is a CIA construct. The CIA founded, funded, trained and armed ISIS to be a proxy army wherever chaos and overthrow were needed. They were originally meant to topple Assad but the damned Putin got in the way erasing Obama's red line and finding a solution to the false flag crisis. They (ISIS) are still being armed with occasional "misplaced" & "accidental" dropping of arms shipments and supplies meant for Kurds or whoever the ally of the day is. The Oligarchs always find a solution to problems with their income sources. http://english.farsnews.com/newstext.aspx?nn=13931204001534

Wed, 03/04/2015 - 14:45 | 5854721 RevIdahoSpud3
RevIdahoSpud3's picture

Why is it that Saudi Arabia and Israel are never never never actually attacked? There is talk and usually that is all it takes to bomb the Shiite out of someone but in reality they are sitting in the middle of a bonfire and never have an eyelash singed. It must be because some farm kid from Nebraska rushes over there, throws himself on a grenade and gets his ass blown off for their benefit. At least they appreciate it?

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