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 ...

How Will OPEC Respond to Iran’s Call for Action Against U.S. Sanctions? Simon Watkins writes for oilprice.com that Iran called on all members of the OPEC oil cartel last week to take united action ...

The location of the US Strategic Petroleum Reserve and the critical role it has played and will continue to play during ...

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

The SPR was created after a U.S. energy crisis erupted from a 1973 Organization of the Petroleum Exporting Countries (OPEC) ...

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 ...

U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his remarks at the World Economic Forum led to a downturn in oil ...

Oil prices muted as strong dollar weighs; OPEC+ meeting awaited By Investing.com - Dec 03, 2024 Investing.com-- Oil prices rose on Tuesday amid pressure from a strong dollar as traders awaited ...

TRUMP ON TARIFFS AND OPEC Analysts said oil prices have been depressed in recent days following President Trump's call last week for the Organization of the Petroleum Exporting Countries to reduce ...

Oil prices dropped over 1% following U.S. President Trump's call for OPEC to reduce prices to weaken Russia's finances amidst the Ukraine conflict. Trump threatened sanctions if no agreement is ...

Oil prices fell more than 1% on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first ...

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.