The price the Islamic State group fetches for its smuggled oil is discounted — $25 to $60 for a barrel of oil that normally sells for more than $100 — but its total profits from oil are exceeding $3 million a day, said Luay al-Khatteeb, a visiting fellow at the Brookings Institution's Doha Center in Qatar.
Even if ISIS got as much as 60 bucks per barrel, that would mean they would have to smuggle 50,000 barrels worth of oil per day. Something doesn't add up.
Even if ISIS got as much as 60 bucks per barrel, that would mean they would have to smuggle 50,000 barrels worth of oil per day. Something doesn't add up.