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BBC World Service

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The daily drama of money and work from the BBC.


BizDaily: Islamic State and the Falling Oil Price

January 28th, 2015

Episode 140 of 836 episodes

A dramatic fall in world oil prices has prompted big job cuts and project cancellations across the industry, and could force Islamic State to look for different income sources. Tom Keatinge, director of financial crime & security studies at RUSI tells us how the militant jihadist group Islamic State, and the fight against it, have been affected by lower oil prices. The BBC's Briohny Williams reports on subsea umbilicals manufacturer Technip and how it is coping, given its link to the oil industry. And oil prices have always fluctuated so why has the industry's reaction this time been so dramatic - with thousands of job losses and billions of projects cancelled?

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