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Falling Oil Price: What it Means for Islamic State

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 sources of income.

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 the Royal United Services Institute 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 Simon Flowers, head of corporate analysis at consultants Wood Mackenzie, explains why the oil industry's response to this particular fluctuation in the oil price has been so dramatic, with large job losses across the industry and the cancellation of a number of high profile petrochemical projects.

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