• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 12 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 4 hours Visualizing How Much Oil Is In An Electric Vehicle (Hint: a heckuva lot)
  • 4 hours Theresa May to Step Down
  • 5 hours Look at the LONGER TERM bigger picture of international oil & gas. Ignore temporary hiccups.
  • 15 hours Total nonsense in climate debate
  • 16 hours IRAN makes threats, rattles sabre . . . . U.S. makes threats, rattles sabre . . . . IRAQ steps up and plays the mediator. THIS ALLOWS BOTH SIDES TO "SAVE FACE". Then serious negotiations start.
  • 15 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 18 hours Will Canada drop Liberals, vote in Conservatives?
  • 19 hours Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
  • 19 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 15 hours Apple Boycott in China
  • 11 hours Australian Voters Reject 'Climate Change' Politicians
  • 2 hours Why is Strait of Hormuz the World's Most Important Oil Artery
Libyan Oil Industry Stable Despite ISIS Return

Libyan Oil Industry Stable Despite ISIS Return

Libya’s oil industry reported its…

Oil Tanks On Worst Day In Six Months

Oil Tanks On Worst Day In Six Months

Oil prices plummeted on Thursday,…

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

Oilprice - The No. 1 Source for Oil & Energy News