Cross Post: I joined Platts reporters Herman Wang and Brian Scheid to discuss ISIS oil operations, revenues and exports; we also touch on bigger questions like whether or not international prices impact the ISIS market.
In an expanded effort to deprive ISIS of oil revenues, Operation Tidal Wave II is aggressively targeting nearly every part of the group's oil supply chain.
Rather than selling crude oil on the open market, ISIS oil is refined in hundreds of makeshift local refineries.
Early this year, Washington was confident that ISIS oil revenues were drying up. Now it's not so sure.