had pursued aggressive expansion of oil production after the 1973 Oil Crisis, but after his fall, the new government argued that he had wasted the nation’s resources and they kept oil production ...

The 1973 oil crisis began when Arab producers ... as higher prices led to the development of new oil provinces outside the Middle East and encouraged alternative energy. Riyadh has refrained ...

An international arbitration ruling last week disrupted the Middle East. The long-anticipated decision halted the Kurdistan Regional Government's (KRG) oil exports through Turkey on March 25 ...

The economy could see another 1970s-style oil shock if conflict in the Middle East escalates ... leading to a shock to oil prices like the 1973 Yom Kippur War, or the 1979 Iranian Revolution ...

Japan’s dependence on oil from the Middle East has risen to a record level at a time when global oil markets are haunted by Russia’s war in Ukraine and the Israel-Hamas conflict. Today, nearly ...