EIA Forecast: 1.4 million barrel per day (mb/d) decrease by 2017. The 1973 Oil Embargo was 1.2 mb/d. Trend is for 1.3 to 2 times the harm of the 1973 Oil Embargo. Following is an effort to explain why ...

LONDON (Reuters) - Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said on Monday amid a ...

DUBAI (Reuters) - Former Saudi Arabian oil minister Sheikh Zaki Yamani, the face of the 1973 oil embargo that brought the West to its knees, has died in London, aged 91, Saudi's Okaz newspaper said on ...

Agence France Press notes that in a tight oil market a successful attack on a major oil installation would have major repercussions. Consider this: On February 24, Saudi security forces foiled an ...

They gathered in Doha – the leaders of the Arab League and the Organisation of Islamic Cooperation – to show support for ...

I am sufficiently old — and then some, distressingly — to remember 1973. Among the prominent memories of that year were the large international price increases for oil, the long lines at gasoline ...