News for Oil The self-cancellation of Basement BidenThe Boston Herald says Trump is 'what America needs right now'. Biden has self-cancelled with the oil industry, Ukraine and China.Op-ed. US sanctions Iran's oil sectorTrump administration slaps fresh sanctions on Iran's oil sector, links three entities to Revolutionary Guards' Quds Force. Company recalls oil mislabeled as canola oilIsraeli company announces labeling mistake, requests concerned customers return products in exchange for refund.Oil prices plummet to all time lows - dropping below zeroRussia, Saudi Arabia scramble to cut production as oil prices suffer unprecedented collapse, falling into negative territory for first time. Trump: 'Looks like' Iran attacked Saudi oil supplyUS President talks up the United States’ military might, but stresses he wants to “avoid” war. US official: Attack on Saudi oil facilities came from IranUS official: No doubt that Iran is responsible for attack on Saudi Arabia's oil facilities. Attacks on Saudi oil facilities cut 5% of global oil supplySaudi Arabia says Houthi attacks on its key oil facilities have disrupted about half of the kingdom's oil capacity. US sanctions Iranian shipping networkUS Treasury sanctions 16 companies, multiple vessels as part of Revolutionary Guard-run network to ship oil to Syria. 'We'll prevent Iranian tanker from delivering oil to Syria'Secretary of State says US will take every action it can to prevent Iranian tanker from delivering oil to Syria.'US withdrawal from JCPOA forced us to adopt new foreign policy'Iran says closing Strait of Hormuz would cause most regional oil wells to close, other ME countries to go into rapid economic 'freefall'. Trump squeezes Iran's oil exportsWhite House statement says Trump Administration and allies determined to expand economic pressure to end regime's destabilizing activities. Iran claims control of Strait of HormuzIranian naval general says Iran has 'complete control' of shipping lanes through which a third of the world's oil passes. Report: India to stop importing oil from IranIndian government warns national oil refiners to 'prepare for drastic reduction of zero' Iranian oil imports as US sanctions loom. Careful: Coconut oil may not be safeNew study shows coconut oil has high levels of saturated fat, researchers suggest using sunflower, olive oil instead. President Obama bans offshore drilling in the ArcticUS President Obama bans oil drilling in 98% of federal-owned waters. Haifa oil spill raises issues, no answersUnderwater pipe explodes, oil pours into Haifa Bay. Study linking pollution and cancer lead to greater efforts to shut down the refineries. Airstrikes depleting ISIS's oil: expertsInternational airstrikes have cut ISIS's oil output in half, French experts say. Turkey urges Russia to give up ISIS oil claimsAnkara sidesteps claims Turkey has vested interest in ISIS oil stores as relations with Moscow continue to stall. France hits ISIS where it hurts: Oil stockpilesFrench DM announces two new strikes on ISIS's oil infrastructure, in attempt to cripple monetary resources of the jihadists. Israel Rules Out Any Payment to 'Enemy' IranIsraeli government says no chance it will pay $1.1 billion over alleged oil debts to enemy state sworn to its destruction. Israel Ordered to Pay Iran Over 1989 Legal BattleSwiss court orders Israel to pay for 1968 oil transport contract Iran cancelled after Iranian Revolution. Israel: we're not paying anything. Iraq Regains Control of Oil Refinery Over ISISBaghdad makes incremental progress in fighting ISIS, clears the group out of sensitive oil refinery after 10-month struggle.Oil is Still Fueling Iran’s Atomic AmbitionsWhile the world’s focuses on uranium and plutonium, it is the ancient fuel oil which drives Iran's nuclear process. Khamenei: Iran Shall Have its Sanctions RevengeOne day, Iran's Supreme Leader Ayatollah Ali Khamenei said, the tables will be turned - and Iran will be imposing sanctions.Iran, Iraq Selling Oil at Lowest Prices in DecadeAs oil prices in Israel begin to creep up again, Iran and Iraq are outdoing each other in offering low prices to Asia. UN Resolution Cuts Off ISIS's FundingNew resolution passes sanctioning those who engage ISIS in oil trade, antiquities traffic and ransom payments. UN Security Council Seeks to Choke Off ISIS FundsAs US plans to authorize military war against ISIS, UN Security Council tackles fight on another front -sanctions against ISIS oil traders. Experts: Oil Prices to Remain Low in North AmericaCompetition over US, Canadian oil pipeline could dethrone Saudi Arabia as main oil provider, reports say. Saudis Slash Oil Prices to 'Block' Iranian NukeAnalysts agree radical drop in oil prices due to Saudis flooding market in attempt to crush Iran as US not stopping its nuclear program. EU States Buying Islamic State OilEU Ambassador to Iraq reveals EU states purchasing oil from jihadist terror group, refuses to divulge names of states. Israeli Mining Co. Finds Vast Oil Reserves in DRCApproximately 3 billion barrels of oil could be huge source of opportunity for war-ravaged, impoverished African state. Court Says No to Golan Oil Drilling For NowThe Northern District Planning Commission decides not to give permission for oil drilling on the Golan Heights, at least for the time being. 'Nuclear Bomb Necessary to Put Down Israel'Iranian cleric and lawmaker reveals that Iran 'needs' a nuclear weapon to 'wipe Israel off the map'; also reveals US 'need' for Iran deal. Report Reveals Assad's 'Secret Iraq Oil Lifeline'Revelation shows Assad's Syria regime propped up by crude oil imports from Iraq slipping past sanctions via an Egyptian port. PA Digging for Oil in Judea and SamariaThe Palestinian Authority says it will start digging for oil in Judea and Samaria, and sign contracts with British companies on coastal gas. Journalist: Saudis 'Shocked' By Obama-Rouhani ChatSaudi Arabian officials have sharply criticized President Obama for conducting phone conversation with Iranian President Rouhani. WWII Deja Vu: Pro-British Arabs vs. Pro-Nazi MuslimsThe same things are at stake. Where is the will to prevent disaster? Philanthropist, Oil Trader Marc Rich Dead at 78Jewish philanthropist and oil trader Marc Rich, whose family fled incoming Nazis and as an adult fled US justice untl pardoned, is dead. In May: US Allies Plan Gulf Naval ExercisesMore than 30 nations will send their sailors to Bahrain in May for an international naval exercise to be held in the Persian Gulf.Several Wounded in Iran ExplosionSeveral people were wounded Sunday in an explosion in Bandar Imam Khomeini, a port city in Iran, but few details have been released. India May Cease Iranian Oil ImportsIndian refiners may halt imports of Iranian crude oil after insurance firms said refineries processing Iranian oil will no longer be covered US Plans $16 Billion Gulf Settlement With BPUS authorities plan to propose a $16 billion settlement to British energy giant BP for civil claims related to the disastrous 2010 oil spill Report: Israel to Buy Oil from South SudanA report Sunday said that Israel had made a deal with South Sudan to purchase oil from the newest country in Africa Iran Drops the Mask, Admits Oil Exports PlummetAn Iranian minister breaks ranks with Ahmadinejad, admits sanctions cut oil exports by 45 percent, but nuke program continues. Iran to Move Airport After Oil Found Under RunwayIran plans to relocate an airport in the southwest of the country after discovering oil deposits under its runway. Minister: Iranian Oil Revenues Halved By SanctionsIran is losing half of its oil revenues due to international sanctions imposed over its disputed nuclear program, says minister. More Gas in Cypriot Block 12, Says Noble EnergyNoble Energy officials say they believe there is “a lot more” natural gas than first estimated in the Cypriot Block 12 offshore field. Oil Prices Rise After Syrian Jet Forced to LandJets from Turkey that intercepted a Syrian passenger jet caused a surge in oil prices. Pentagon to Beef Up Cyber SecurityU.S. authorities are holding that Iranian-based hackers were responsible for recent cyber attacks. Report: Iran Beating Sanctions With Night DealsIran has found a way to outsmart the sanctions against selling their oil overseas. Gas Prices Spike to All-Time HighIf you're a motorist in Israel, better fill up the tank while you can. Prices at the pump are set to rise to an all-time high this weekend. Israel Third Most Expensive Country for GasolineIsrael has the third highest price in the world for gasoline, according to a new Bloomberg survey.Oil Tops $91 a Barrel Amid Rising Mideast TensionsThe price of crude has shot up as the Syrian regime teeters and the US and Iran rattle their sabres over the Strait of Hormuz. Fuel Price Dropping by 3%One liter of 95 octane gasoline will cost NIS 7.43 at self service pump, as world oil prices dip. Iranian Minister Blames Europe for High Oil PricesIranian Oil Minister Rostam Qassemi says the embargos imposed by the EU on Tehran are responsible for the soaring hike in oil prices.Iran Discovers Oilfield in Caspian SeaIran has discovered an oilfield in the Caspian Sea for the first time in over a century, the Fars news agency reported.Can 95 Octane Falafel Oil Fuel Your Car?Running cars with gas made from falafel oil is one of several Israeli inventions waiting for investors at a patent exhibition in September. |
