On 28 April, the UAE, which produces about 4% of the world’s oil, thanked the Organisation of the Petroleum Exporting Countries (Opec) for “five decades of cooperation”, then resigned. Opec is an ...

PETALING JAYA: Former prime minister Abdul Razak Hussein’s response to the 1973 global oil crisis was “game-changing”, a former minister said, leading to the creation of Petronas, one of Malaysia’s ...

Americans got through the '70s oil crisis by driving less, owning smaller, more fuel-efficient cars, using less electricity, and throwing on sweaters while turning down the heat that winter. They ...

Impact of effective closure of Strait of Hormuz bears similarities with Opec oil embargo - but this time gas is a critical piece in the game At the core of the current Iran war a central question ...