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In a groundbreaking move towards a greener future, Victoria, the second-most populous state in Australia, has announced its decision to prohibit natural...
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Explosions were heard over the sky of Jerusalem and Tel Aviv on Friday as Iran launched missiles toward Israel, beginning its retaliatory campaign after waves of Israeli strikes devastated Tehran’s military chain of command and hit critical nuclear facilities.
Sirens blared across Israel, including in Jerusalem, and smoke was seen billowing into the sky in Tel Aviv as residents were told to go to bomb shelters: “You must enter the protected areas and remain there until further notice,” the Israeli military said in a statement.
Oil futures shot higher and U.S. stock-market futures sank Thursday evening on reports that Israel was attacking sites in Iran.
Explosions were reportedly heard in Tehran, and Israel’s Defense Minister Israel Katz described the airstrikes as a “special situation,” according to the Associated Press. There were few other immediate details.
U.S. benchmark West Texas Intermediate crude for July delivery CL.1 +6.19% and the global benchmark Brent crude for August delivery BRNQ25 +5.68% soared more than 3%.
The news sent U.S. stock-market futures falling, with the Dow Jones Industrial Average futures down more than 300 points, or 0.8%, while S&P 500 futures and Nasdaq-100 futures fell about 1%.
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By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
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By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
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by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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