Oil israel

Gas prices in Israel to reach all-time high at NIS 8.27 per liter amid worldwide price hikes

Finance Minister Bezalel Smotrich said later Tuesday that he instructed officials to "prepare for an additional subsidy on gasoline to stem the price spike," according to N12 News.

|ByWALLA! FINANCE
Illustration of a gas station in Jerusalem. August 30, 2026.
The gas platform for Leviathan, Israel's largest gas field is seen from a helicopter near Haifa bay, northern Israel, August 1, 2023

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
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

Analysis: How many immigrants came to Israel last year? It depends on whom you ask

Hebrew University scholar says discrepancy due to a difference in definition among the various bodies that monitor immigration.

MAY 13, 2014BySAM SOKOL
Nefesh b'Nefesh July 2012

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