Oil israel

Oil prices spike as Asian markets tumble on Hormuz fears

As South Korean and Japanese stocks plummeted due to concerns about supply disruptions in the Strait of Hormuz, Brent crude surged 26% to $116 per barrel on Monday.

A sharp spike in oil prices rattled equities and revived fears of a renewed global inflation wave.
Oil tanker Bronco sits anchored in Lake Maracaibo, near the Bajo Grande crude port operated by state oil company PDVSA, in Maracaibo, Venezuela, February 9, 2026. (Ilustration)

Venezuela sends first oil shipment to Israel in years in sign of relations improving - Bloomberg

 Moshe Kaplinsky, Chairman of Bazan Group; Assaf Almagor, CEO of Bazan Group; MK Gadi Eisenkot

“Driven by Duty” - Eisenkot Honors Refineries Staff in Haifa

 Damage at Haifa oil refinery as a result of an Iranian missile attack, June 16, 2025.

Iranian strike on Haifa oil refinery plant kills three


Evangelical firm encounters oil in Jezreel Valley

Ability to successfully produce the well still in doubt.

A worker walks near an oil rig belonging to Zion Oil and Gas in northern Israel in 2010.

Israel’s gas predicament: We’ll make some money, but we won’t gain political clout

In today’s commodities market, an individual exporter plays a far less important role, as the crude oil changes corporate hands multiple times.

Israeli natural gas field in the Mediterranean

A new Cold War?

The Jerusalem Post

Drilling firm to pursue water, gas, oil projects

‘Atid’ to launch a home-based service to compete with the only other operator in the country.

AFEK COMPLETED work on the Mei Debbie water well in the Golan Heights last September.

Newcomer Energean will attract other int’l firms to explore for gas in Israel

Latest find and ongoing projects accelerating development in the entire region.

AN AERIAL SHOT of Prinos, a Greek oil reservoir that belongs to the energy firm Energean.

Fracking is bad for your health, Health Ministry official says

Environmental groups have often voiced their concerns that petroleum in the region was likely “tight oil,” which could require non-conventional drilling procedures such as hydraulic fracturing.

Oil drilling site on the Golan Heights

Latest round of testing kicks off at Golan Heights drilling site

In July, the Afek Oil and Gas firm confirmed the presence of hydrocarbons at the site.

Golan oil rig

Natural Resources: Drilling down

Ben-Gurion University students at the forefront of Israel’s oil exploration program.

Equipment for drilling test wells, in the Golan

Oil drilling permit extended in Golan

Since February, Afek has completed drilling at two sites and nearly finished work at a third.

Golan oil rig

The danger of the Russian presence in the Middle East

The Jerusalem Post