A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

The Group of Seven wealthy nations has in its 50-year history faced geopolitical catastrophes from the 1970s oil crisis to ...

Who would have thought that oil would become the most powerful impetus for the development of wind energy in the 20th century? More precisely, the oil embargo imposed by the five OPEC Arab member ...

This deal held well enough until the 1973/74 Oil Crisis when OPEC members plus Egypt, Syria and Tunisia, began an embargo on oil exports to the U.S., Great Britain, Japan, Canada and the Netherlands.

Iran Calls for OPEC to Unite Against Potential US Oil Sanctions By Elwely Elwelly DUBAI (Reuters) - Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions ...

September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...

President Donald Trump claimed the Saudis and OPEC were responsible for fueling the war in Ukraine through higher oil prices. He said the war would end if crude prices were slashed. "I'm also ...

In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

OPEC plans no immediate action after Iran urges Israel oil embargo, sources say Worldcategory· October 18, 2023 An Iranian rights group said that security forces on Thursday arrested the mother ...