With this month marking 50 years since the 1973 oil crisis, Deutsche Bank on Monday highlighted several similar indicators in present macroeconomic conditions to that time. In October 1973, the ...
The attack on Israel on the 50th anniversary of the Yom Kippur War should remind us of another anniversary: the 1973 Arab oil embargo. The war began on Oct. 6, and the Organization of the Petroleum ...
Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has died at the age of 90, Saudi state TV reported on ...
Unfortunately, energy is one of the sectors that have historically been hammered the most whenever the economy ails. The opening of giant oil fields in the United States in the years heading into the ...
Editor’s note (March 14th 2024): An earlier version of this story made an error in reporting Badr Jafar’s assessment of “grey-zone” trading. We regret the ...
The world economy could see a repeat of the 70s oil shocks, Nouriel Roubini said. The "Dr. Doom" economist said crude prices could spike if Israel and Iran go to war. Roubini has previously warned ...
Today's stock market is so overvalued that it won't take much of a piece of straw to break the camel's back - much less an economic or geopolitical shock from the Middle East. Compare the stock market ...
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