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The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990, [1] Saddam Hussein's second invasion of a fellow OPEC member. Lasting only nine months, the price spike was less extreme and of shorter duration than the previous oil crises of 1973–1974 and 1979–1980, but the spike still contributed to the recession of the early 1990s in the United States. [2]
June 11: Exxon states that it will soon begin work on its $15-billion Sakhalin I oil and natural gas development in Russia's Far East. The Sakhalin I project will develop an estimated 5 billion barrels (790,000,000 m 3 ) of oil and 15 trillion cubic feet (4.2 × 10 11 m 3 ) of gas located in three offshore hydrocarbon fields.
The spike of one-sided violence in 1994 is mostly due to the Rwandan genocide. This is a list of wars that began between 1990 and 2002. Other wars can be found in the historical lists of wars and the list of wars extended by diplomatic irregularity .
Oil may get another run as liquid gold. Crude futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.Israel’s vow to ...
Treasury yields rose, with the 10-year bond yield up seven basis points to 3.855%. The decline was fueled by further fears of escalating conflict between Israel and Iran.
Defense stocks typically rise after military conflicts but soon lose those gains. Following Russia’s invasion of Ukraine , the iShares defense ETF surged by 5%, with Lockheed Martin and Northrop ...
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. Middle East Countries (2018) Bahrain, Cyprus, Egypt, Iran, Iraq (Iraqi Kurdistan), Israel, Jordan, Kuwait, Lebanon, North Cyprus *, Oman, Palestine *, Qatar, Saudi Arabia, Syria (DFNS), Turkey, United Arab Emirates, Yemen *Not a UN member This is a list of modern conflicts ensuing in the geographic ...
Despite its important infrastructure functions, the company’s stock price was down 1.38% year to date, a far cry from the 25% increase in the S&P 500 and the 30% increase in the tech-heavy ...