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During 1998, due mainly to low oil prices, OPEC crude oil export revenues fell 30 percent (to $100 billion) from the previous year. (DJ, NYT) March 31: Arco agrees to be acquired by BP Amoco PLC for $26.6 billion in stock. If approved, the merger will create the largest oil producer in the United States and one of the largest energy companies ...
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 ...
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]
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 .
Indexes fell Thursday on rising risks to oil supplies amid escalating Middle East tensions and as traders braced for Friday's labor market update. ... with the 10-year bond yield up seven basis ...
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 ...
‘Black Swan’ hedge funder warns a recession is coming this year—and the biggest market bubble in history will soon pop Will Daniel August 16, 2024 at 9:09 AM