FEATURED NEWS POST
Islamic State Fighters Battle Iraqi Forces Near Baiji Refinery
By American Security Council Foundation ASCF November 25, 2014 @ 12:24pmClick here to read more
Islamic State insurgents battled Iraqi forces in the center of Baiji on Tuesday, a week after the army broke their prolonged siege of the country's largest oil refinery just outside the town, an army officer and residents said.
The renewed fighting in Baiji by the Islamist militants, who control thousands of square miles of territory in Iraq and Syria, appeared aimed at reimposing that stranglehold around the sprawling oil facility 4 kilometers (2 miles) to the north.
Iranian Leader: Western Powers Failed to Bring Iran to its Knees
By American Security Council Foundation ASCF November 25, 2014 @ 12:21pmClick here to read more
Iran's Supreme Leader Ayatollah Ali Khamenei says the United States and "European colonialist powers" failed in their efforts to bring Iran "to its knees" during negotiations on the country's nuclear program.
The comments posted on his website Tuesday are his first since negotiators from Iran and a group of world powers agreed to extend talks on Iran's nuclear program through the middle of next year.
Saudis Discussing Global Oil Price Plunge with Other Producers
By American Security Council Foundation ASCF November 25, 2014 @ 12:20pmClick here to read more
The world's biggest oil exporter, Saudi Arabia, is meeting with other key producers about whether to cut production as a way to halt the sharp drop in world oil prices.
Saudi oil minister Ali al-Naimi met Tuesday in Vienna with key energy officials from Venezuela, Russia and Mexico ahead of Thursday's meeting of the Organization of the Petroleum Exporting Countries. But there was no immediate indication that the Saudis were about to change their stance against a production cut.
Political Pressure Mounts on Ukraine's Poroshenko
By American Security Council Foundation ASCF November 25, 2014 @ 12:15pmClick here to read more
Political pressure is mounting both at home and abroad on Ukraine's President Petro Poroshenko, with critics arguing he lacks direction in combating a pro-Moscow insurgency in the east and not moving fast enough on reform.
A month after Ukraine held its first parliamentary polls since the ouster of pro-Moscow President Viktor Yanukovych, politicians continue to wrangle over the formation of a coalition government. Seeking to assuage criticism over the tardiness, Poroshenko promised Monday the country soon will have a new government.
Russian Oil Czar to Meet OPEC as Saudis Keep Market Guessing
By American Security Council Foundation ASCF November 25, 2014 @ 12:09pmClick here to read more
Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices.
Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid hints from Moscow that Russia could cut output or exports if the producer group does the same.