Syrian Oil

US military destroys ISIS oil smuggling fuel trucks in Syria

ISIS oil smuggling brings in $1 million per day WASHINGTON _In a new twist to an intensifying campaign to squeeze Islamic State oil revenues, U.S. warplanes have destroyed 116 oil-hauling trucks in eastern Syria that were a key part of a smuggling operation that brings the group an estimated $1.4 million a day. The strike […]

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Islamic State oil sales: Up to $50M a month, despite US attempt to rein it in

News

Islamic State oil sales – oil may be priced as low as $10 a barrel BAGHDAD – The Islamic State rakes in up to $50 million a month from selling crude from oilfields under its control in Iraq and Syria, part of a well-run industry that U.S. diplomacy and airstrikes have so far failed to shut down,

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