The failure in 1973 to return to convertibility, or hold the exchange rate, at a 42.22nd of a gold ounce, rattled currency ...

Last Updated on June 30, 2025 by Matt Staff The 1970s oil crisis hit everyone with the gravity of an empty-tank warning light ...

Oil prices have tallied steep losses so far this week, pulling back sharply from gains seen at the start of the Israel-Iran ...

The full impact of the war on the price of oil became apparent only after the Organization of Arab Petroleum Exporting Countries (OAPEC), the oil cartel, imposed a crude embargo on the US in ...

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 ...

Norway expects its oil liquids production to rise by 5.2% in 2025 from 2024, also thanks to the start-up of Johan Castberg.

The global benchmark for oil, Brent, added $2.15, or 2.8%, to close at $78.85 a barrel, its highest settlement since Jan. 22. U.S. crude oil rose 3.2% to a session high of $77.58 per barrel at one ...

By Elisabeth Buchwald, CNNAmong those: The Iranian Revolution, which caused global oil production to fall substantially and then contributed to already-high gas prices as a result of the Arab oil ...

Oil analysts left scratching their heads over Israel-Iran conflict: ‘Your guess is as good as mine' By Sam Meredith, CNBC • Published June 18, 2025 • Updated on June 18, 2025 at 12:04 pm ...

Schork said there was a roughly 5% chance of oil prices climbing to above $103 per barrel within the next five weeks, with much longer odds of crude soaring as high as $160 per barrel by the end ...

"Previous conflicts dating back to the Six-Day War [in 1967] and oil embargo - none of that applies," said Meli, who spent 14 years at Goldman Sachs before founding his own investment firm in 2019.