Oil Embargo, 1973–1974 During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. […]
Source: Reuters By Dmitry Zhdannikov, Rania El Gamal and Ernest Scheyder | VIENNA (Reuters) – As OPEC’s latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other […]
Source: Tedium By Ernie Smith Computers often seem like they’re above the supply chain. Putting aside hot devices like the latest iPhone and the different variants of the Microsoft Surface, it’s generally easy to get a computer of some kind that will allow you to do all sorts of interesting […]
Source: Economic Times SINGAPORE: State oil giant Saudi Aramco has agreed to supply some customers in Asia with incremental crude that will load in January, as it holds to a […]
Source: BBC Saudi Arabia’s King Salman has removed the country’s veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years […]
Source: Independent It’s not only massive oil companies Shell and BP that have been forced to cut jobs because of low oil prices. Now even Isis fighters are feeling the […]
Source: BBC Stock markets worldwide have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact on global growth. Europe’s main markets closed sharply […]
Source: The New York Times LONDON — Global markets sank sharply on Friday, as crude dipped below$30 a barrel on concerns about China’s health and a potential flood of new oil […]
Venezuela’s ‘Comandante’ Hugo Chavez dies Hugo Chavez, socialist leader of Venezuela, dies after long battle with cancer at the age of 58. By Tracy Connor, Staff Writer, NBC News Venezuelan President Hugo Chavez, the charismatic leftist who dominated his country with sweeping political change and flamboyant speeches, died […]
Ex-President George H.W. Bush in intensive care From ASSOCIATED PRESS HOUSTON — Former President George H.W. Bush is being treated in the intensive care unit at a Houston hospital after suffering “a series of setbacks,” including a stubborn fever, his spokesman said. In a brief email Wednesday, Jim McGrath, Bush’s […]
Gas prices: There’s not much that presidents can do about them GOP nominee Mitt Romney makes sure he gets to make his point even as debate moderator tries to move on. By John W. Schoen, NBC News When you pull up to that gas pump and nearly faint […]