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.
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News and updates about oil
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.
India May Cease Iranian Oil Imports As Insurers Back Out
Indian refiners may halt imports of Iranian crude oil after insurance firms said refineries processing Iranian oil will no longer be covered
Report: 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 spill
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 Africa
Iran Takes Off the Mask, Admits Sanctions Hit Oil Exports
An 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 Runway
Iran plans to relocate an airport in the southwest of the country after discovering oil deposits under its runway.
Minister: Iranian Oil Revenues Halved By International Sanctions
Iran 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 Energy
Noble 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 Land
Jets from Turkey that intercepted a Syrian passenger jet caused a surge in oil prices.
Pentagon to Beef Up Cyber Security
U.S. authorities are holding that Iranian-based hackers were responsible for recent cyber attacks.
Report: Iran 'Outfoxing' Sanctions With Dead-of-Night Oil Sales
Iran has found a way to outsmart the sanctions against selling their oil overseas.
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.
Israel Third Most Expensive Country for Gasoline
Israel has the third highest price in the world for gasoline, according to a new Bloomberg survey.
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.
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 Oil 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.
Iran Discovers First Oilfield in Caspian Sea in Over 100 Years
Iran 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.
Report: Israel to Search for Oil on the Golan Heights
Report: Israel has decided to search for oil on the Golan Heights after 20 years of delay due to objections from Syria.
Mysterious Cyber Attack on Iranian Oil Data
Iran has confirmed that a cyber attack hit its Oil Ministry data systems. It claims there was no damage, but its website is inaccessible.
Jordan Denies Iraqi Oil Reaching Israel
Jordan is fending off accusations that Iraqi oil is reaching Israel.
Israel Strikes Oil Off Tel Aviv Coast
Israel has struck oil again, this time off the Tel Aviv coast. Owners say the find includes 100 million barrels of oil, worth $10 billion.
Iran’s Biggest Weapon – Oil – Protects Nuke Sites from Attack
A glance at financial markets shows the biggest obstacle to a US green light to stop Iran’s nuclear project is fear of higher oil prices.
India Forced to Cancel Major Iranian Oil Deal
The sanctions noose continues to tighten as Iranian oil consumers find insurance for their oil shipments cut off in Europe.
Fuel at $8 Gallon; ‘Go Take the Bus’
“Let them eat cake – and take the bus:” The government rejects erasing automatic tax hikes on $8 a gallon gas to take effect Thursday.
EU Tightens Belt on Iranian Oil
The European Union has tightened its belt and prepared to cut its consumption of Iranian oil, with sanctions affecting others as well.
Iran Spooks the World with Higher Oil Prices
Surging gas prices stuff Iran’s pockets as sanctions are not slowing down Iran’s nuclear race. Iran may have the last laugh.
Sanctions Working? Asia to Reduce Imports from Iran
China, India and Japan are planning to reduce their imports of Iranian oil by at least ten percent, an indication sanctions are working.
Iran: Oil Still Flowing to Europe
Oil Ministry officials in Tehran raced to denounce a state run Press TV that it was cutting exports to six European countries.
Iran Deploys ‘Oil Weapon,’ Cuts off Six European Nations
Iran rolled out its “oil weapon” Wednesday and announced a cut in exports to six European countries, including France and Greece.
After The Bomb: India Eyeing Saudi Oil
India is reportedly reconsidering oil imports from Iran after Monday's bombing in Dehli; security officials suspect Iran.
US Prof. Tells Newsweek Israel Must Attack Iran – Now
Iranian threat is like the Arab threat to destroy Israel in 1967, a history professor tells Newsweek. The danger: Western complacency.
Iran's UN Ambassador Warns: We Can Close Strait of Hormuz
Iran's ambassador to the United Nations says that closing the Strait of Hormuz is an option if "somebody wants to tighten the noose."
Iranian Scientist Killed In Tehran Blast
An Iranian scientist involved in the petroleum industry has been killed in a car bombing in Tehran. Two others were wounded.
Iran Thanks U.S. for Rescuing Fishermen
Iran's Foreign Ministry thanked the United States Saturday for rescuing 13 of its fishermen from pirates.
UK Warns Iran: 'Don't Close Strait of Hormuz'
Britain is warning Iran it may resort to military action if Tehran attempts to close the Strait of Hormuz to Western oil shipping.
US Lobbies Countries to Cut Imports of Iran Oil
The U.S. is lobbying other countries to cut down their imports of Iranian crude to pressure Tehran into stopping its nuclear activities.
Iran-Kuwait Oil Feud Feeds Gulf Tensions
Oil lies at the heart of tensions between Iran and its Gulf Arab neighbors as they vie for hegemony over the world's key oil reserves.
Iran Signs Oil Deal with Afghanistan
The UN Security Council may have imposed economic sanctions on Iran but Tehran has managed to sign a new oil deal anyway, with Afghanistan.
Israeli Company to Dig for Uranium in the Negev
Studies say that there is uranium under the Negev - and Gulliver Energy intends to dig it up.
Iran Warns Blockade Means a Worldwide Recession
Iran pulled out its “oil card” Sunday, warning the West that blockading Iranian crude will result in sky-high prices at the pump.
Russia, China and $200-a-Barrel Oil Trump Tough Sanctions
Obama’s “tough” sanctions on Iran exclude the central bank, a key to its energy economy. Russia and China oppose Obama’s move.
Libya: Rebels Downplay Refinery Attack
Libya's interim rebel government has tried to downplay an attack by Qaddafi forces on its oil industry as "an isolated event."
Israel’s Oil and Gas Fields May Be Bonanza for Louisiana
Israel’s new standing in the oil and gas industry presents a bonanza to Louisiana, which exports $306 million in goods to Israel.
North Korea Ready to Return to Nuclear Talks Without Conditions
North Korea ready to return to nuclear talks without preconditions after Dmitry Medvedev and Kim Jong Il meet; oil deal in the works.
Stock Market: Fire Sale or Fool’s Gold?
Panic selling abates Monday morning in Israel and European buyers snap up stocks. Fool’s gold or not, real gold soars to $1,700 an ounce.
Syrian Pipeline Sabotaged Near Homs
An oil pipeline was sabotaged near the Syrian protest city of Homs; Damascus' output down 37%.
Iran-China Deal Makes End Run on US Sanctions, Dollar
Iran's 3.2b Euro oil deal with China circumvents US sanctions, undercuts the dollar, and gives the Islamic republic a needed cash infusion
Energy War? Lebanon Warns Israel ‘Playing with Fire’ Offshore
Lebanon warns Israel is “playing with fire” by staking out energy claims in the Mediterranean. Beirut says Israel’s discoveries belong to Lebanon.
Givot Olam Presents: Drilling for Oil Without Violating Shabbat
The Givot Olam company has found a way to drill and pump oil, even on Shabbat, without breaking any Jewish laws.
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