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  2. 1973 oil crisis - Wikipedia

    en.wikipedia.org/wiki/1973_oil_crisis

    West Texas Intermediate oil price history from 1950–2000, adjusted for inflation (1947 prices). In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack ...

  3. 1970s energy crisis - Wikipedia

    en.wikipedia.org/wiki/1970s_energy_crisis

    The 1973 oil crisis is a direct consequence of the US production peak in late 1960 and the beginning of 1971 (and shortages, especially for heating oil, started from there). The "embargo" as described below is the "practical name" given to the crisis. For the main Arab producers, the "embargo" allowed them to show to "the Arab street" that they ...

  4. ‘Everybody looks back at the oil crisis of 1973, but this is ...

    www.aol.com/finance/everybody-looks-back-oil...

    The U.S.’s decision to back Israel in the conflict ultimately led to an oil embargo and production cuts from the Organization of Arab Petroleum Exporting Countries (OAPEC), which caused the ...

  5. Organization of Arab Petroleum Exporting Countries - Wikipedia

    en.wikipedia.org/wiki/Organization_of_Arab...

    On 9 January 1968, three of the then–most conservative Arab oil states – Kuwait, Libya, and Saudi Arabia – agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six-Day War.

  6. Carter leaves influential energy, environmental legacy - AOL

    www.aol.com/news/carter-leaves-influential...

    The reorganization was largely in response to the 1973 oil crisis, during which the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo against nations that had backed ...

  7. 1970–1979 world oil market chronology - Wikipedia

    en.wikipedia.org/wiki/1970–1979_world_oil...

    October 17: OPEC oil ministers agree to use oil weapon in Arab-Israeli War, mandate cut in exports, and recommend embargo against unfriendly states. October 19: Saudi Arabia, Libya, and other Arab states proclaim an embargo on oil exports to the United States. October 23: Arab oil embargo extended to the Netherlands.

  8. Long lines at gas pump unlikely, but Middle East crisis could ...

    www.aol.com/news/long-lines-gas-pump-unlikely...

    Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. The Israel-Hamas war is “definitely ...

  9. Chronology of world oil market events - Wikipedia

    en.wikipedia.org/wiki/Chronology_of_world_oil...

    The ban was imposed after the oil embargo by Arab oil producers in 1973. The lifting of the ban opened up about one-quarter of U.S. crude oil production for export, although no more than 7% of ANS crude was ever exported [1] and exports ceased in 2000.