• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 12 hours Even Shell Agrees with Climate Change!
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 12 days Does Toyota Know Something That We Don’t?

Breaking News:

OPEC Lifts Production in February

This Might Be The Fastest Way to Double U.S. Grid Capacity

This Might Be The Fastest Way to Double U.S. Grid Capacity

Upgrading existing lines using advanced…

Ukraine Steel Giant Faces 31% Drop in Steel Production

Ukraine Steel Giant Faces 31% Drop in Steel Production

Metinvest reported a 31% decrease…

Oil Prices Rise After Israeli Airstrikes Kill Leader of Hamas's Militant Wing

Oil prices have risen following Israeli attacks in the Gaza strip which killed Ahmed al-Jabari, the leader of Hamas’s militant wing. Traders fear that the whole Middle East is reaching its limit and that something is about to blow which could seriously impact on the global oil market.

After more than 115 rockets have been fired into Israel from Gaza this week, Israel decided to retaliate. Claiming that they were ready to send ground troops into Gaza to end hostilities, Israel started with a series of airstrikes, which managed to kill the Hamas leader.

Prime Minister Silvan Shalom said that, “this is a clear statement that we won’t continue to tolerate this violence against us.”

Related Article: Oil Continues Slide Ahead of OPEC Report

John Kilduff, a partner at the New York energy hedge fund, Again Capital LLC, commented to Bloomberg that “the Israeli strike on Gaza has raised the security premium. The Israelis made it clear that this may be the first of many strikes. This episode raises tension in an already troubled region.”

Just recently Israel has also been involved in an incident with Syria, as firing tank shells across the border into Syria in retaliation to a series of mortar strikes earlier in the week.

Bill O’Grady, the chief market strategist at Confluence Investment Management, explained that “the Israelis and Hamas are lobbing missiles at each other, which isn’t unusual. The fact that Israel is also exchanging fire with Syria is increasing worry that everything is going to hit the fan.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News