• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 23 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours Reality catching up with EV forecasts
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 days US Oil Independence is a myth and will always be a myth
  • 1 day A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 12 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 16 days Natural gas price to spike when USA is out of the market
  • 15 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 15 days *****5 STARS - "The Markets are Rigged" by The Corbett Report
China Is Still The Biggest Driver Of Oil Prices

China Is Still The Biggest Driver Of Oil Prices

The economic growth in China…

Kazakhstan Can’t Fill The Void Left By EU Oil Embargo On Russia

Kazakhstan Can’t Fill The Void Left By EU Oil Embargo On Russia

Despite the ongoing energy discussions…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

ISIS Sets Fire To Oil Wells Near Iraq’s Kirkuk

Islamic State militants set ablaze on Saturday three oil wells near an area still under their control west of the oil city Kirkuk, to try to stop the advance of U.S.-backed Iraqi forces that are driving them out of one of their last positions in Iraq, oil and military officials told Reuters on Monday.

The ISIS terrorists have torched the three fields near Hawija, and Iraqi security forces used bulldozers to control the fires. The blaze at one of the oil fields has been controlled, while the other two fields were still burning as of Monday. According to military officials who spoke to Reuters, putting out the fires will take three days or so.

“Terrorists are trying to use the rising smoke to avert air strikes while retreating from the area toward Hawija,” army Colonel Mohammed al-Jabouri told Reuters.

ADVERTISEMENT

Last month, the Iraqi Security Forces started operations to liberate western Anbar and Hawija, the two final locations in Iraq where ISIS still holds territory.

“During the past week, the coalition has supported the ISF with 28 strikes on ISIS targets in Hawija and another 37 strikes in Western Anbar. It is clear that ISIS terrorists are overwhelmed and outmatched by the strength of the ISF. Daesh is losing ground and are failing in every battle, and soon, ISIS will have no sanctuary anywhere in Iraq,” Colonel Ryan Dillon, the spokesman for Combined Joint Task Force-Operation Inherent Resolve, said on September 21. Related: Saudis Lead Gulf Movement To Diversify Away From Oil

ADVERTISEMENT

The Allas oil field just south of Hawija has been one of the main sources of revenue for Islamic State militants.

Over the past two years, the U.S.-led coalition that is fighting ISIS in Iraq and Syria has managed to cut the militants’ oil revenues to less than US$4 million monthly from a peak of US$50 million, statistics by the coalition provided to USA TODAY show.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage


ADVERTISEMENT


ADVERTISEMENT



Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News