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Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month. While the immediate impact on global supply appears limited, the attacks have reminded markets of the region’s fragile stability.
Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Canteen Workers at Exxon Refinery Due to Strike by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 5:55 AM EST 'Fawley workers will be famished when the oil refinery's canteen staff strike over poverty pay', UK union Unite said.
million barrels per day capacity , the pipeline was developed through a joint venture to meet growing demand for safe, efficient, and high-volume takeaway from West Texas. Spanning over 640 miles with a 1.5 miles Current Permitted Mileage (2024): 521.71 miles Current Permitted Mileage (2024): 521.71
Image by Andrii Dodonov via iStock In a statement sent to Rigzone on Friday, UK union Unite announced that workers employed by the Compass Group at ExxonMobil’s Fawley oil refinery who were due to take strike action this weekend have suspended their industrial action.
per barrel. per barrel. Oil prices jumped more than 4% on Wednesday as fears of a conflict that would disrupt crude supplies suddenly swept the market. Picture taken May 21, 2018. West Texas Intermediate fell 11 cents, or 0.16%, to close at $68.04 Global benchmark Brent lost 41 cents, or 0.59%, to settle at $69.36
Iran's missile strikes also damaged an oil refinery in Haifa, the Times of Israel reported. " Allen pointed out that while Brent crude prices jumped around 7% on Friday to roughly $74 a barrel, the international oil benchmark is still below its 2024 average of roughly $80. Energy Information Administration.
Low-power sensors already help monitor oil and gas operations, but the true benefit of this real-time visibility will lie in data-driven decision-making throughout the supplychain. Its time to leverage real-time data for optimal decision-making throughout the supplychain.
Getty Images | Getty Images News | Getty Images Crude oil futures jumped more than 3% Sunday after Israel struck two natural gas facilities in Iran, raising fears that the war will expand to energy infrastructure and disrupt supplies in the region. per barrel. per barrel. crude oil rose $2.72, or 3.7%, to $75.67
Summary : The IEA reports that global crude supply is exceeding demand by 600,000 bpd, pushing oil prices toward the $60-$80 per barrel range, with U.S. refinery shutdowns of 400,000 bpd are contributing to the surplus. strikes on Yemens Houthi rebels heightened supply risks, with WTI crude gaining 1% to $67.84
watch now VIDEO 0:29 00:29 Watch: Iranian news anchor interrupted after Israeli missile appears to hit TV studio News Videos Fire exchanges have continued since Israel's Friday attack against Iran, with Iranian media reporting Tehran's latest strikes hit Tel Aviv, Jerusalem and Haifa, home to a major oil refinery.
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