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OPEC Cheating Will Cap Oil At $52

OPEC Cheating Will Cap Oil At $52

Oil prices rallied strongly following…

Global Energy Advisory December 2nd, 2016

Global Energy Advisory December 2nd, 2016

The successful OPEC production cut…

Syrian Army Repels ISIS Attacks On Two Oil Fields

ISIS oil refinery

Syria’s army and its allies have repelled ISIS terrorist attacks at two oilfields in the oil-rich Homs area, Tehran-based Fars News Agency reported on Thursday, quoting a military source.

“The Syrian army and the National Defense Forces (NDF) repulsed the ISIL terrorists' heavy attack on their positions in al-Mahr oilfield, killing and wounding tens of them and destroying their equipment and military vehicles,” according to the source.

Army troops, backed by the air force, also clashed with the ISIS militants near the al-Shaer oilfield, in a sign that the terrorists continue to fight to lay their hands on oil infrastructure so they can later use it to smuggle the crude.

On Wednesday, the U.S. Department of Defense said that U.S. and coalition military forces airstrikes in Syria destroyed two ISIS oil tanker trucks and an oil pumpjack near Abu Kamal, as well as eight oil tanker trailers and an oil wellhead near Dayr Az Zawr.

In August, the army hit major gatherings of ISIS in the Homs area, and coalition airstrikes have wiped out more ISIS oil assets since. Last month, strikes near Dayr Az Zawr destroyed 55 ISIL oil tanker trucks and 13 supply routes.

While currently the major battle against ISIS is in Mosul, Iraq’s second-largest city, which has been under the terrorists’ grip since 2014, the Syrian army and coalition forces are trying to deprive the terror group from a major source of its income—oil smuggling.

In neighboring Iraq, army advances against the Islamic State have managed to cut significantly the terrorists’ proceeds from smuggling oil. Since ISIS lost control of the Alas and Hamrin oilfields near Tikrit in April of this year, the group’s income has been declining by an additional US$1 million every day. The price for the smuggled oil, which once stood above US$6,000 a vehicle, has been reduced to US$2,000.

By Tsvetana Paraskova for Oilprice.com

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  • JACK MA on October 20 2016 said:
    Translation...

    The Western Globalists terror troops are being moved from Mosul to Aleppo to prepare for the epic battle against the Syrian and Russian forces. The Western Globalists terror troops will create as much chaos and havoc as possible along the way to wear down and distract the Syrian army before the battle for Aleppo begins on or near election day.


    When all that remains is the sad and utter wreckage of war, who's passport shall remain unscathed on the battle field. The globalists better hold back a few terror troops for after the battle to remove all UDS from the dead pockets of these teenager-child soldiers also known as cannon fodder.


    They too are victims of a truly evil Western empire. To make matters worse, with Mosul empty of any Western assets, they may just blow the dam and send oil prices to 200 over night.


    Let's us all search out the milk of human kindness and spread it to the world.

    Warmest regards to all.

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