Tag: Oil Revenue

Islamic State lost 22% of territory in past 15 months due to declining oil revenues

 “The Islamic State is increasingly isolated, and being perceived as in decline.” – IHS report on ISIS A new report says the Islamic State is rapidly losing territory, partly because much of the Islamic fundamentalist group’s oil revenue dried up as a result of US-led Coalition and Russian airstrikes during 2015. According to IHS Inc., between Jan. and Dec. 2015, […]