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ISRAEL AT WAR - DAY 651

oil

Damage at the Bazan Group's oil refinery in Haifa Bay, northern Israel, after it was hit by an Iranian missile between June 15-16, 2025. (Used in accordance with clause 27a of the copyright law)
June 29, 2025, 11:12 pm
Haifa oil refinery partly reopens after shutdown caused by deadly Iran strike
The company, Bazan, tells regulator it will likely resume full operations in October; missile impact killed three employees
By Reuters and ToI Staff
A natural gas refinery at the South Pars gas field on the northern coast of the Persian Gulf, in Asaluyeh, Iran, on March 16, 2019. (Vahid Salemi/AP)
June 19, 2025, 12:11 pm
Why Israel-Iran tensions might not raise prices at the pump as much as feared
In post-COVID recovery, OPEC has millions of barrels of oil available, while International Energy Agency has another million in reserve
By Reuters and ToI Staff
Pakistanis watch a news channel telecasting report about the Israeli attacks on Iran, in Peshawar, Pakistan, on June 13, 2025. (AP/Muhammad Sajjad)
June 13, 2025, 12:44 pm
Oil prices surge, stocks fall, as Mideast braces in wake of Israel’s attack on Iran
Oil spikes 12%, most since January, but lowers slightly after Iran says its main refineries and depots were unaffected; equity futures, bond yields sink
By AFP
An Iranian military speedboat patrols the waters as a tanker prepares to dock at the oil facility on Khark Island, Iran, on March 12, 2017. (Atta Kenare/AFP)
February 6, 2025, 8:23 pm
First new US sanctions under Trump target network delivering Iranian oil to China
Measures against alleged front company for Iranian military come after Trump signs order resuming ‘maximum pressure’ campaign, aimed at ‘driving Iran’s oil exports to zero’
By AFP
US President-elect Donald Trump arrives at an election night watch party at the Palm Beach Convention Center, in West Palm Beach, Florida, November 6, 2024. (Evan Vucci/AP)
November 6, 2024, 11:52 pm
Trump may restrict Iranian oil but China might not play along, analysts say
US president-elect says he believes in enforcing sanctions and then removing them, expected to ease clamps on Russian energy
By Reuters
Illustrative: Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020. (AP Photo/Ernesto Vargas, File)
October 28, 2024, 1:26 pm
Oil prices fall after Israel avoids energy sites in its strike on Iran
Costs drop as much as 5% in early trade; analysts believe Tehran’s downplaying of attack signals wariness about escalation
By Agencies and ToI Staff
An oil tanker docks at the Europe Asia Pipeline Company port in Eilat in southern Israel, on May 4, 2021. (Shmulik Taggar)
May 30, 2024, 10:11 pm
Israel aims to boost Red Sea oil deliveries despite environmental risks
Government seeks to shore up economy amid wartime constraints; Eilat mayor, environmental regulators opposed, citing coral reef, history of oil spills
By Reuters and ToI Staff
An image shared by the IDF showing twelve oil tanks in which Hamas allegedly stores its reserves while the Gaza Strip is running out of fuel during the ongoing war with Israel, October 24, 2023. (IDF Arabic spokesman on X)
October 24, 2023, 7:10 pm
IDF says Gaza photos show half million liters of fuel held by Hamas
Through Arabic spokesman, military publishes images of tanks of fuel it says are being withheld from hospitals, tells Gazans they are not a priority for the terror group
By Gianluca Pacchiani and Agencies
A satellite image of the FSO Safer tanker moored off Ras Issa port, in Yemen, June 17, 2020. (Maxar Technologies via AP)
August 11, 2023, 8:13 pm
UN says oil safely moved off decaying Red Sea tanker, averting disaster
Oil now aboard replacement tank, putting looming fears of catastrophe to bed after years of warring sides blocking international operation
By AP
Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021 (AP Photo/Amr Nabil)
August 7, 2023, 12:31 pm
Saudi oil giant Aramco reports $30b in Q2 profits, down nearly 40% from last year
Company still ranked second-biggest in the world by revenue, behind only Walmart and ahead of Amazon and Apple
By AP
An oil tanker docked at the Europe-Asia Pipeline Company's port in Eilat from May 28 to 30, 2023. (Courtesy, Zalul)
July 27, 2023, 8:08 am
Green groups gear up for fight as oil pipeline looks to pump up Eilat operations
Secretive state company said to be pressuring ministries, Prime Minister’s Office to more than double quota of crude that can be transferred via Red Sea terminal
By Sue Surkes
Climate activists of the "Letzte Generation" (Last Generation) protest group smeared a black liquid and put up posters on a monument near Germany's lower parliamentary chamber on which the articles of the country's constitution are inscribed. in Berlin on March 4, 2023 (Sven Kaeuler/various sources/AFP)
March 5, 2023, 1:18 pm
Climate activists soak Israeli artist’s work in ‘oil’ at German parliament
Dani Karavan’s ‘Grundgesetz 49’ displays constitution’s articles on glass plates; Last Generation group says it targeted piece because use of oil is incompatible with rights
By AP
An oil tanker in Novorossiysk, Russia, on October 11, 2022. (AP Photo, File)
December 27, 2022, 9:07 pm
Russia to ban oil exports to countries that have agreed to West’s price cap
Putin announces countermeasure against move to restrict Russian revenue while allowing it to continue sales during invasion of Ukraine
By AFP
Illustrative: The Tamar gas field. (NewMed Energy/Delek Drilling)
December 6, 2022, 6:50 pm
Israeli energy firm signs joint natural gas exploration deal with Morocco
Israel’s NewMed and Adarco Energy each awarded 37.5% stake in Boujdour Atlantique, with license for 8 years; Morocco to get remaining share
By ToI Staff and Sharon Wrobel
US President Joe Biden speaks about energy and the Strategic Petroleum Reserve during an event at the White House, Oct. 19, 2022, in Washington. (AP Photo/Evan Vucci)
October 19, 2022, 10:25 pm
‘Families are hurting’: Biden says US should boost domestic oil production
President calls on companies to produce more fuel and lower prices, announces new release from US reserves as midterm elections approach
By AFP
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