Oil israel

Leviathan production capacity exceeds expectations

This will allow the Leviathan partners to significantly increase their production, which will be available for both the domestic economy and export.

|ByIDAN ERETZ/GLOBES/TNS
The gas platform for Leviathan, Israel's largest gas field is seen from a helicopter near Haifa bay, northern Israel, August 1, 2023
A sharp spike in oil prices rattled equities and revived fears of a renewed global inflation wave.

Oil prices spike as Asian markets tumble on Hormuz fears

As South Korean and Japanese stocks plummeted due to concerns about supply disruptions in the Strait of Hormuz, Brent crude surged 26% to $116 per barrel on Monday.

|ByDOR OPHIR
Oil tanker Bronco sits anchored in Lake Maracaibo, near the Bajo Grande crude port operated by state oil company PDVSA, in Maracaibo, Venezuela, February 9, 2026. (Ilustration)

Venezuela sends first oil shipment to Israel in years in sign of relations improving - Bloomberg

Israel's Bazan Group will be responsible for transporting the cargo, according to the report, although authorities have not publicly disclosed this.

|ByTOBIAS HOLCMAN
Moshe Kaplinsky, Chairman of Bazan Group; Assaf Almagor, CEO of Bazan Group; MK Gadi Eisenkot

“Driven by Duty” - Eisenkot Honors Refineries Staff in Haifa

MK expresses gratitude to workers for dedication during wartime operations

|ByJERUSALEM POST STAFF

Potential gas, oil reserve identified in Oz license block

Situated off the coast of Tel Aviv, the Oz license could be a source of over 600 million barrels of oil.

APRIL 27, 2014BySHARON UDASIN
Tel Aviv 370

Golan residents to demonstrate against plans for oil drilling

Residents are concerned about the planned project's potential effects on the environment, health and regional tourism.

APRIL 20, 2014BySHARON UDASIN
The Tamar gas processing rig off the coast of Israel 370