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Source:Petro Global News

Low oilprices and a recent wave of Western airstrikes have sunk ISIS’s oil productionby an estimated 63 percent.

EnergyAspects chief oil analyst Amrita Sen told CNBC thatISIS oil production has fallen to about 40,000 barrels per day from a high of110,000 barrels per day.

“Some of thatthey probably have to use internally for their own consumption and they’reprobably exporting some but again, with oil trading around $40 a barrel,they’re probably not getting as much revenue as they were last summer,” Sentold the network.

French,American and Russian forces have stepped up airstrikes against ISIS aftera series of devastating attacks in Paris last week and the downing of a Russianairplane earlier this month.

U.S. forcesdestroyed over 100 fuel trucks during an airstrike earlier this week, CNBCsaid.

Russianofficials said Wednesday the country’s troops will attack any tankertrucks spotted in ISIS controlled territory in Syria, theAFP reported.

Russianmilitary official Andrei Kartapolov added that Russian forces have destroyedabout 500 tanker trucks over the past several days.

Oilproduction is of the ISIS’s main sources of revenues, with thegroup currently controlling about 60 percent of Syria’s crude productionand 10 percent of Iraq’s crude production.

According to the U.S. Energy InformationAdministration, Syrian oilproduction has “essentially ceased” since ISIS began taking over the country’soilfields in 2014.

Syria hassaw its crude production drop to less than 25,000 bpd in May 2015 from ahigh of 400,000 bpd pumped between 2008 and 2010.

An IslamicState commander who was believed to be behind the slaying of an Apache workerin Egypt last year was reportedly killed last week byEgyptian security forces during an attmpe to arrest him.

Aly AshrafHassanein al Gharabli served as the commander for a militant group withlinks to the Islamic State that claimed responsibility for the 2014 murdermurder ofWilliam Henderson

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