Oil

News for Oil

The self-cancellation of Basement Biden

The self-cancellation of Basement Biden

The Boston Herald says Trump is 'what America needs right now'. Biden has self-cancelled with the oil industry, Ukraine and China.Op-ed.Aviel Sheyin-Stevens, Jur.D., 30/10/2020 15:18
US sanctions Iran's oil sector

US sanctions Iran's oil sector

Trump administration slaps fresh sanctions on Iran's oil sector, links three entities to Revolutionary Guards' Quds Force.Elad Benari, 27/10/2020 00:13
Company recalls oil mislabeled as canola oil

Company recalls oil mislabeled as canola oil

Israeli company announces labeling mistake, requests concerned customers return products in exchange for refund.Arutz Sheva Staff, 06/07/2020 12:36
Oil prices plummet to all time lows - dropping below zero

Oil prices plummet to all time lows - dropping below zero

Russia, Saudi Arabia scramble to cut production as oil prices suffer unprecedented collapse, falling into negative territory for first time.David Rosenberg, 21/04/2020 13:02
Trump: 'Looks like' Iran attacked Saudi oil supply

Trump: 'Looks like' Iran attacked Saudi oil supply

US President talks up the United States’ military might, but stresses he wants to “avoid” war.Elad Benari, 17/09/2019 02:06
US official: Attack on Saudi oil facilities came from Iran

US official: Attack on Saudi oil facilities came from Iran

US official: No doubt that Iran is responsible for attack on Saudi Arabia's oil facilities.Elad Benari, 16/09/2019 01:03
Attacks on Saudi oil facilities cut 5% of global oil supply

Attacks on Saudi oil facilities cut 5% of global oil supply

Saudi Arabia says Houthi attacks on its key oil facilities have disrupted about half of the kingdom's oil capacity.Arutz Sheva Staff, 15/09/2019 05:03
US sanctions Iranian shipping network

US sanctions Iranian shipping network

US Treasury sanctions 16 companies, multiple vessels as part of Revolutionary Guard-run network to ship oil to Syria.Gary Willig, 04/09/2019 21:19
'We'll prevent Iranian tanker from delivering 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.Elad Benari, 21/08/2019 03:09
'US withdrawal from JCPOA forced us to adopt new foreign policy'

'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'.Mordechai Sones, 05/08/2019 17:21
Trump squeezes Iran's oil exports

Trump squeezes Iran's oil exports

White House statement says Trump Administration and allies determined to expand economic pressure to end regime's destabilizing activities.Mordechai Sones, 22/04/2019 16:24
Iran claims control of Strait of Hormuz

Iran claims control of Strait of Hormuz

Iranian naval general says Iran has 'complete control' of shipping lanes through which a third of the world's oil passes.Gary Willig, 27/08/2018 18:22
Report: India to stop importing oil from Iran

Report: India to stop importing oil from Iran

Indian government warns national oil refiners to 'prepare for drastic reduction of zero' Iranian oil imports as US sanctions loom.Gary Willig, 29/06/2018 11:21
Careful: Coconut oil may not be safe

Careful: Coconut oil may not be safe

New study shows coconut oil has high levels of saturated fat, researchers suggest using sunflower, olive oil instead.Arutz Sheva Staff, 19/06/2017 13:58
President Obama bans offshore drilling in the Arctic

President Obama bans offshore drilling in the Arctic

US President Obama bans oil drilling in 98% of federal-owned waters.Chana Roberts, 21/12/2016 10:58
Haifa oil spill raises issues, no answers

Haifa oil spill raises issues, no answers

Underwater pipe explodes, oil pours into Haifa Bay. Study linking pollution and cancer lead to greater efforts to shut down the refineries.Rachel Kaplan, 05/07/2016 15:51
Airstrikes depleting ISIS's oil: experts

Airstrikes depleting ISIS's oil: experts

International airstrikes have cut ISIS's oil output in half, French experts say.Arutz Sheva staff, 06/04/2016 20:20
Turkey urges Russia to give up ISIS oil claims

Turkey urges Russia to give up ISIS oil claims

Ankara sidesteps claims Turkey has vested interest in ISIS oil stores as relations with Moscow continue to stall.Arutz Sheva Staff, 01/12/2015 11:39
France hits ISIS where it hurts: Oil stockpiles

France hits ISIS where it hurts: Oil stockpiles

French DM announces two new strikes on ISIS's oil infrastructure, in attempt to cripple monetary resources of the jihadists.Arutz Sheva Staff, 10/11/2015 18:29
Israel Rules Out Any Payment to 'Enemy' Iran

Israel Rules Out Any Payment to 'Enemy' Iran

Israeli government says no chance it will pay $1.1 billion over alleged oil debts to enemy state sworn to its destruction.Arutz Sheva staff, 21/05/2015 17:21
Israel Ordered to Pay Iran Over 1989 Legal Battle

Israel Ordered to Pay Iran Over 1989 Legal Battle

Swiss court orders Israel to pay for 1968 oil transport contract Iran cancelled after Iranian Revolution. Israel: we're not paying anything.Tova Dvorin, 20/05/2015 22:50
Iraq Regains Control of Oil Refinery Over ISIS

Iraq Regains Control of Oil Refinery Over ISIS

Baghdad makes incremental progress in fighting ISIS, clears the group out of sensitive oil refinery after 10-month struggle.Arutz Sheva Staff, 19/04/2015 22:43
Oil is Still Fueling Iran’s Atomic Ambitions

Oil is Still Fueling Iran’s Atomic Ambitions

While the world’s focuses on uranium and plutonium, it is the ancient fuel oil which drives Iran's nuclear process.Edwin Black, 02/04/2015 23:45
Khamenei: Iran Shall Have its Sanctions Revenge

Khamenei: Iran Shall Have its Sanctions Revenge

One day, Iran's Supreme Leader Ayatollah Ali Khamenei said, the tables will be turned - and Iran will be imposing sanctions.Yaakov Levi, 20/02/2015 01:13
Iran, Iraq Selling Oil at Lowest Prices in Decade

Iran, Iraq Selling Oil at Lowest Prices in Decade

As oil prices in Israel begin to creep up again, Iran and Iraq are outdoing each other in offering low prices to Asia.Hillel Fendel, 19/02/2015 01:43
UN Resolution Cuts Off ISIS's Funding

UN Resolution Cuts Off ISIS's Funding

New resolution passes sanctioning those who engage ISIS in oil trade, antiquities traffic and ransom payments.Arutz Sheva Staff, 12/02/2015 17:53
UN Security Council Seeks to Choke Off ISIS Funds

UN Security Council Seeks to Choke Off ISIS Funds

As US plans to authorize military war against ISIS, UN Security Council tackles fight on another front -sanctions against ISIS oil traders.Arutz Sheva Staff, 12/02/2015 07:36
Experts: Oil Prices to Remain Low in North America

Experts: Oil Prices to Remain Low in North America

Competition over US, Canadian oil pipeline could dethrone Saudi Arabia as main oil provider, reports say.Dalit Halevy and Tova Dvorin, 06/01/2015 10:37
Saudis Slash Oil Prices to 'Block' Iranian Nuke

Saudis Slash Oil Prices to 'Block' Iranian Nuke

Analysts agree radical drop in oil prices due to Saudis flooding market in attempt to crush Iran as US not stopping its nuclear program.Ari Yashar, 21/12/2014 10:47
EU States Buying Islamic State Oil

EU States Buying Islamic State Oil

EU Ambassador to Iraq reveals EU states purchasing oil from jihadist terror group, refuses to divulge names of states.Ari Yashar, 07/09/2014 11:33
Israeli Mining Co. Finds Vast Oil Reserves in DRC

Israeli Mining Co. Finds Vast Oil Reserves in DRC

Approximately 3 billion barrels of oil could be huge source of opportunity for war-ravaged, impoverished African state.AFP, 11/08/2014 21:04
Court Says No to Golan Oil Drilling For Now

Court Says No to Golan Oil Drilling For Now

The Northern District Planning Commission decides not to give permission for oil drilling on the Golan Heights, at least for the time being.Yosef Berger, 19/06/2014 22:53
'Nuclear Bomb Necessary to Put Down Israel'

'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.Tova Dvorin, 07/01/2014 01:13
Report Reveals Assad's 'Secret Iraq Oil Lifeline'

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.Ari Yashar, 24/12/2013 15:22
PA Digging for Oil in Judea and Samaria

PA Digging for Oil in Judea and Samaria

The Palestinian Authority says it will start digging for oil in Judea and Samaria, and sign contracts with British companies on coastal gas.Dalit Halevi, Ari Yashar, 09/11/2013 23:03
Journalist: Saudis 'Shocked' By Obama-Rouhani Chat

Journalist: Saudis 'Shocked' By Obama-Rouhani Chat

Saudi Arabian officials have sharply criticized President Obama for conducting phone conversation with Iranian President Rouhani.David Lev, 30/09/2013 16:18
WWII Deja Vu: Pro-British Arabs vs. Pro-Nazi Muslims

WWII Deja Vu: Pro-British Arabs vs. Pro-Nazi Muslims

The same things are at stake. Where is the will to prevent disaster? Mark Langfan, 21/08/2013 05:17
Philanthropist, Oil Trader Marc Rich Dead at 78

Philanthropist, Oil Trader Marc Rich Dead at 78

Jewish philanthropist and oil trader Marc Rich, whose family fled incoming Nazis and as an adult fled US justice untl pardoned, is dead.Chana Ya'ar, 27/06/2013 09:35
In May: US Allies Plan Gulf Naval Exercises

In May: US Allies Plan Gulf Naval Exercises

More than 30 nations will send their sailors to Bahrain in May for an international naval exercise to be held in the Persian Gulf.Chana Ya'ar, 08/04/2013 20:35
Several Wounded in Iran Explosion

Several Wounded in Iran Explosion

Several people were wounded Sunday in an explosion in Bandar Imam Khomeini, a port city in Iran, but few details have been released.Chana Ya'ar, 10/03/2013 16:55
India May Cease Iranian Oil Imports

India May Cease Iranian Oil Imports

Indian refiners may halt imports of Iranian crude oil after insurance firms said refineries processing Iranian oil will no longer be coveredArutz Sheva staff, 10/03/2013 12:05
US Plans $16 Billion Gulf Settlement With BP

US Plans $16 Billion Gulf Settlement With BP

US authorities plan to propose a $16 billion settlement to British energy giant BP for civil claims related to the disastrous 2010 oil spillArutz Sheva staff, 24/02/2013 15:37
Report: Israel to Buy Oil from South Sudan

Report: Israel to Buy Oil from South Sudan

A report Sunday said that Israel had made a deal with South Sudan to purchase oil from the newest country in AfricaDavid Lev, 20/01/2013 22:52
Iran Drops the Mask, Admits Oil Exports Plummet

Iran Drops the Mask, Admits Oil Exports Plummet

An Iranian minister breaks ranks with Ahmadinejad, admits sanctions cut oil exports by 45 percent, but nuke program continues.Tzvi Ben Gedalyahu, 08/01/2013 12:47
Iran to Move Airport After Oil Found Under Runway

Iran to Move Airport After Oil Found Under Runway

Iran plans to relocate an airport in the southwest of the country after discovering oil deposits under its runway. Rachel Hirshfeld , 31/12/2012 01:43
Minister: Iranian Oil Revenues Halved By Sanctions

Minister: Iranian Oil Revenues Halved By Sanctions

Iran is losing half of its oil revenues due to international sanctions imposed over its disputed nuclear program, says minister. Rachel Hirshfeld , 17/12/2012 20:53
More Gas in Cypriot Block 12, Says Noble Energy

More Gas in Cypriot Block 12, Says Noble Energy

Noble Energy officials say they believe there is “a lot more” natural gas than first estimated in the Cypriot Block 12 offshore field.Chana Ya'ar, 25/10/2012 13:16
Oil Prices Rise After Syrian Jet Forced to Land

Oil Prices Rise After Syrian Jet Forced to Land

Jets from Turkey that intercepted a Syrian passenger jet caused a surge in oil prices.Scott Krane, 11/10/2012 17:22
Pentagon to Beef Up Cyber Security

Pentagon to Beef Up Cyber Security

U.S. authorities are holding that Iranian-based hackers were responsible for recent cyber attacks.Scott Krane, 05/10/2012 06:42
Report: Iran Beating Sanctions With Night Deals

Report: Iran Beating Sanctions With Night Deals

Iran has found a way to outsmart the sanctions against selling their oil overseas.David Lev, 13/09/2012 10:58
Gas Prices Spike to All-Time High

Gas Prices Spike to All-Time High

If 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.Chana Ya'ar, 27/08/2012 20:48
Israel Third Most Expensive Country for Gasoline

Israel Third Most Expensive Country for Gasoline

Israel has the third highest price in the world for gasoline, according to a new Bloomberg survey.Rachel Hirshfeld, 19/08/2012 17:35
Oil Tops $91 a Barrel Amid Rising Mideast Tensions

Oil Tops $91 a Barrel Amid Rising Mideast Tensions

The price of crude has shot up as the Syrian regime teeters and the US and Iran rattle their sabres over the Strait of Hormuz.Gabe Kahn, 19/07/2012 20:29
Fuel Price Dropping by 3%

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.Gil Ronen, 31/05/2012 18:15
Iranian Minister Blames Europe for High Oil Prices

Iranian Minister Blames Europe for High Oil Prices

Iranian Oil Minister Rostam Qassemi says the embargos imposed by the EU on Tehran are responsible for the soaring hike in oil prices.Elad Benari, Canada, 26/05/2012 01:21
Iran Discovers Oilfield in Caspian Sea

Iran Discovers Oilfield in Caspian Sea

Iran has discovered an oilfield in the Caspian Sea for the first time in over a century, the Fars news agency reported.Rachel Hirshfeld, 21/05/2012 15:42
Can 95 Octane Falafel Oil Fuel Your Car?

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.Tzvi Ben Gedalyahu, 21/05/2012 12:31