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Oil prices rose as much as 3% Wednesday before paring gains amid worries of supply disruptions stemming from the Middle East conflict. Prices fell from session highs by mid-day in the trading ...
Global oil prices fell Monday even after Israel’s military expanded its ground operations in Gaza over the weekend, raising fears that the country’s war with Hamas could spill over into a ...
Global oil prices climbed 4% Monday over fears that the unprecedented weekend attack on Israel by Hamas could escalate into a regional conflict embroiling oil-producing nations.
Oil spiked as much as 4% on concerns of a possible strike against Iran's oil production facilities. ... An oil platform in Israel's offshore Leviathan gas field is seen while an Israeli navy ...
The iconic cooling towers of the Haifa oil refinery (before the collapse of one) BAZAN Group, (ORL or BAZAN, Hebrew: בז"ן – בתי זיקוק לנפט בע"מ), formerly Oil Refineries Ltd., is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country.
The Leviathan gas field is a large natural gas field in the Mediterranean Sea off the coast of Israel, [2] 47 kilometres (29 mi) south-west of the Tamar gas field. [3] The gas field is roughly 130 kilometres (81 mi) west of Haifa in waters 1,500 metres (4,900 ft) deep in the Levantine basin, a rich hydrocarbon area in one of the largest offshore natural gas field finds.
As a result, the two companies sold Karish and the adjacent Tanin gas field to the Greek oil company Energean in 2016 for $150 million. [2] The Karish and Tanin gas fields together are estimated to hold 2–3 trillion cubic feet of gas. The field came online in the third quarter of 2022. [3]
Oil plunged more than 6%. their biggest daily drop in more than two years after an expected Israeli retaliatory strike against Iran over the weekend spared the country’s petroleum infrastructure.