Back in the 1970s, U.S. drivers faced two separate oil crises that led to long lines at gas stations. Many Americans feared it would be a recurring nightmare, but gas lines have been rare over the ...

In 1973, the world experienced a major turning point in automotive history. The Organization of Petroleum Exporting Countries (OPEC) decided to tighten the flow of oil to the United States, triggering ...

Age 7 for the 1973 Oil Crisis and age 13 for the 1979 Oil Crisis. ... with the anxiety of gas lines in both years had a ... seven years old when OPEC turned off the oil spigot in the ...

Forty years ago this month, Middle Eastern countries shook the West. Israel had successfully pushed back incursions from Syria and Egypt during the Yom Kippur War, with the help of U.S ...

With oil at $50 per barrel in 2021, some OPEC members will be in a real crisis. With that in mind, a conventional OPEC+ JMMC statement today or tomorrow will be seen by some as a white flag. By ...

OPEC reiterated Friday that world oil demand is expected to grow by 900,000 barrels per day this year, but warned that the weak pace of growth in developed economies could stifle demand.