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Tag: Oil

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  • Cheaper oil and shifting sands

    3 weeks ago

    The price of regular gas in the Washington suburbs was $2.74 a gallon when I filled my car this week and it could fall farther as the price of crude oil hit $69, two thirds of what it was in June.  OPEC is weakening and the United States is poised to surpass Saudi Arabia by next...

  • The new documentary ‘Pump’ asks society to question its fuel choices

    By Avishay Artsy

    September 23, 2014 | 11:05 am

    It’s already been 13 years since the Sept. 11 terrorist attacks, and in that time we’ve come to understand the difficult geopolitical situation that our oil dependence has put us in.

    In order to keep our cars running, the United States needs to keep the leaders of oil-rich Middle...

  • July 31, 2013

    By Shmuel Rosner

    July 31, 2013 | 3:37 am

    The US

    Headline: Obama asks Republican Senators McCain, Graham to visit Egypt

    To Read: Senator Bob Corker believes that too much of the US' foreign policy is being managed covertly through intelligence agencies-

    Today, covert operations appear to have expanded to include...

  • Obama faces tough call on Iran oil sanctions

    October 22, 2012 | 3:58 pm

    Just weeks after the election, President Barack Obama will be faced with a pivotal decision on oil sanctions on Iran, in which he will have to balance the need to stay tough on Tehran without pushing oil prices too high.

    In considering whether to extend a new series of six-month...

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  • Khamenei dismisses sanctions, says Iran stronger than ever

    July 11, 2012 | 8:41 am

    Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday dismissed harsher sanctions imposed on Iran this month over its disputed nuclear activity, saying the country was “100 times stronger” than before.

    A European Union embargo on Iranian crude oil took full effect on July 1 - a...

  • Iran threatens Israel; new EU sanctions take force

    July 2, 2012 | 8:24 am

    Iran announced missile tests on Sunday and threatened to wipe Israel “off the face of the earth” if the Jewish state attacked it, brandishing some of its starkest threats on the day Europe began enforcing an oil embargo and harsh new sanctions.

    The European sanctions - including a...

  • US Senate Republicans block Iran sanctions vote

    May 17, 2012 | 5:39 pm

    U.S. Senate Republicans blocked legislation for new economic sanctions on Iran’s oil sector on Thursday saying they needed more time to study the bill, a surprise move that drew anger from Democrats who wanted approval ahead of nuclear talks next week.

    “I feel I’ve been jerked...

  • Oil drilling near Haifa halted

    May 14, 2012 | 10:35 am

    Oil drilling in the Mediterranean Sea off the coast of Haifa was frozen as the investment partners prepare to put a new oil rig in place.

    Drilling in the Leviathan oil field, which began more than a year ago, has not yet produced any oil. But it is believed that oil will be discovered at a different depth in new drilling that will not begin for another year, Ynet reported.

    The partners, including Noble Energy and the Delek group, say that estimates show at least 600 million barrels of oil in the field. The field also contains a large natural gas reserve.

  • Egypt ends gas deal with Israel, stakeholder says

    April 22, 2012 | 2:24 pm

    Egypt’s energy companies have terminated a long-term deal to supply Israel with gas after the cross-border pipeline sustained months of sabotage since a revolt last year, a stakeholder in the deal said on Sunday.

    Ampal-American Israel Corporation, a partner in the East...

  • Obama says enough world oil to crack down on Iran sales

    March 30, 2012 | 4:06 pm

    President Barack Obama vowed on Friday to forge ahead with tough sanctions on Iran, saying there was enough oil in the world market - including emergency stockpiles - to allow countries to cut Iranian imports.

    In his decision, required by a sanctions law he signed in December, Obama...

  • Israel takes concerns about Iran to key partner China

    March 16, 2012 | 8:46 am

    Israel on Friday took its concern about Iran’s nuclear programme to one of Iran’s main partners, China, and hinted it could launch a preemptive attack on the Islamic Republic despite repeated calls by China to allow diplomacy to take its course.

    China, which has close energy and...

  • POLL: Most Americans would back US strike over Iran nuclear weapon

    March 13, 2012 | 3:25 pm

    A majority of Americans would support U.S. military action against Iran if there were evidence that Tehran is building nuclear weapons, even if such action led to higher gasoline prices, a Reuters/Ipsos poll showed on Tuesday.

    The poll showed 56 percent of Americans would support...

  • Iran boasts nuclear advances, deepening standoff

    February 15, 2012 | 8:40 am

    Iran proclaimed advances in nuclear know-how on Wednesday, including new centrifuges able to enrich uranium much faster, a move that may hasten a drift towards confrontation with the West over suspicions it is seeking the means to make atomic bombs.

    Tehran’s resolve to pursue a...

  • Iran shrugs off latest U.S. sanctions, trade suffers

    February 7, 2012 | 8:49 am

    Iran castigated its U.S. adversary on Tuesday over new financial measures to disrupt Iranian commerce, and a default on payment for rice purchases highlighted the encroachment of sanctions on the staples of everyday life.

    Lawmakers in Tehran vowed to ban crude exports to European...

  • Israel says Iran has material for four A-bombs

    February 2, 2012 | 8:21 am

    Israel estimated on Thursday that Iran could make four atomic bombs by further enriching uranium it has already stockpiled, and could produce its first within a year of deciding to build one.

    But in his rare public remarks, Major-General Aviv Kochavi, chief of military intelligence,...

  • Indian official: We won’t cut back on Iranian oil

    January 30, 2012 | 2:18 pm

    India will not reduce the amount of oil Iranian oil it purchases, the country’s finance minister said.

    “It is not possible for India to take any decision to reduce the imports from Iran drastically because among the countries which can provide the requirement of the emerging...

  • EU bans Iranian oil, Tehran responds with threats

    January 23, 2012 | 8:42 am

    The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran’s nuclear development program.

    In Iran, one politician responded by renewing a threat to...

  • Nicolas Sarkozy: Time running out for Iran diplomacy

    January 20, 2012 | 8:53 am

    French President Nicolas Sarkozy said on Friday that time was running out to avoid a military intervention in Iran and he appealed to China and Russia to support new sanctions to force Tehran to negotiate over its uranium enrichment program.

    France has led international efforts for...

  • U.S. expects Iran sanctions to bear results within two months

    January 18, 2012 | 10:59 am

    The Obama administration expects a significant drop in foreign dealings with the Central Bank of Iran in the next two months.

    U.S. officials launched a campaign to have countries that deal with Iran to comply with new sanctions as soon as President Obama signed them into law on Dec....

  • Iran threatens to cut off Mideast oil

    December 27, 2011 | 12:03 pm

    Iran will close the Strait of Hormuz if its oil exports are subjected to foreign sanctions, the Islamic Republic’s official news agency reported.

    “If they impose sanctions on Iran’s oil exports, then even one drop of oil cannot flow from the Straits of Hormuz,” IRNA quoted Mohammad...

  • Eight (pricey) nights

    By Steve Greenberg

    December 14, 2011 | 11:41 am

  • Ayalon: Israel will defend Greek oil drilling in Cyprus

    November 23, 2011 | 12:49 pm

    Israeli Deputy Foreign Minister Danny Ayalon said in Greece that Israel will defend Greek oil drilling in Cyprus.

    Asked at a news briefing Tuesday what Israel’s reaction is to a threat by Turkey regarding drilling in Cyprus, Ayalon said, “If anyone tries to challenge these...

  • Ehud Barak plays down talk of war with Iran

    November 8, 2011 | 8:09 am

    Defense Minister Ehud Barak played down Tuesday speculation that Israel intends to strike Iranian nuclear facilities, saying no decision had been made on embarking on a military operation.

    “War is not a picnic. We want a picnic. We don’t want a war,” Barak told Israel Radio before...

  • Greece’s Papandreou to discuss oil drilling with Netanyahu

    September 15, 2011 | 11:20 am

    Greek Prime Minister George Papandreou was scheduled to consult with his Israeli counterpart Benjamin Netanyahu regarding drilling for natural gas near Cyprus.

    According to sources in the Greek Foreign Ministry, Papandreou was set to have a phone conversation with Netanyahu on...

  • German companies slammed for planned participation in Tehran oil show

    April 14, 2011 | 11:10 am

    German companies are drawing criticism for their plans to take part in an oil industry trade show in Tehran.

    Some 60 German companies will attend this weekend’s event in Tehran, which is dedicated to Iran’s energy sector, according to the Stop the Bomb nongovernmental organization...

  • Egyptian unrest stokes oil fears, but Mideast markets relax

    February 2, 2011 | 4:17 pm

    Investors began separating the losers and the gainers from Egyptian unrest on Wednesday, as fears the turmoil would interrupt the world oil trade lifted petroleum prices to their highest level in more than two years while share markets in the Middle East rebounded.

    The price of...

  • My Chanukah miracle

    By Jonah Lowenfeld

    December 1, 2010 | 5:06 pm

    And on the fifth day, I learned how not to compost.

    It was a sunny mid-November morning when I found out that potato peels, celery tops and other vegetable pieces — in other words, most of the 7 pounds of organic matter I had been saving in my refrigerator’s crisper drawer for...

  • U.S. sanctions hit Iran oil firm

    October 4, 2010 | 12:01 pm

    A subsidiary of Iran’s Swiss-based national oil company is the latest firm to be sanctioned under new U.S. measures.

    On Sept. 30, the United States sanctioned Naftiran Intertrade Company under the Iran Sanctions Act passed by Congress earlier in the year.

    Companies that reportedly...

  • Latkes and farinata: Something familiar, something new

    By Judy Zeidler

    December 18, 2008 | 2:55 am

    These days, my family has spread out, but as always, we will all be coming together for Chanukah, because no one wants to miss the Chanukah reunion dinner, our favorite family get-together.

    It is a time to catch up on family gossip and enjoy each other's company, a time to sit...
  • GOP platform offers strong support for Israel, veers right domestically

    September 3, 2008 | 1:27 am

    MINNEAPOLIS (JTA)—John McCain’s Jewish supporters characterize him as a Republican maverick who shares his party’s bedrock support for Israel and combating anti-Semitism. Critics dismiss him as the standard-bearer of a staunchly conservative party at odds with the Jewish...

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