DIP IN OIL BUSINESS FOR ISLAMIC STATE
Areport from the International Energy Agency in Paris has just estimated that Islamic State controls only about 20,000 barrels of daily oil production, down from about 70,000 in August. Most of it remains in Iraq. It seems that though the airstrikes have failed to keep Islamic State from advancing in the field, they have apparently succeeded in dismantling its sophisticated oil network, reducing the movement's ability to make gasoline and diesel for its tanks and trucks and cutting off a vital source of funding. (Source: Bloomberg Businessweek)
A picture taken on August 10 shows a chimney at an oil field in Sheikhan, northeast of the city of Mosul in northern Iraq and near
the Kurdish city of Dohuk, an area where
Kurdish Peshmerga forces are fighting to stop the advance of Islamic State fighters.