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2. 1990 oil price shock - Wikipedia

   en.wikipedia.org/wiki/1990_oil_price_shock

   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]

3. 1980–1989 world oil market chronology - Wikipedia

   en.wikipedia.org/wiki/1980–1989_world_oil...

   Indications of a world oil glut lead to a rapid decline in world oil prices early in 1982. OPEC appears to lose control over world oil prices. March: Damascus closes Iraq's 400,000 bbl/d (64,000 m 3 /d) trans-Syrian oil export pipeline to show support for Iran. March 11: U.S. boycotts Libyan crude. May 24:Iran recaptures Khorramshahr.

4. 1980s oil glut - Wikipedia

   en.wikipedia.org/wiki/1980s_oil_glut

   The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).

5. 3 Factors Keeping Oil Above $90 a Barrel - AOL

   www.aol.com/2013/05/19/3-factors-keeping-oil...

   The gushing oil well at Spindletop Dome in Beaumont, Texas, is one of the most iconic images in the history of oil. When the well hit paydirt, oil spewed 150 feet into the air at a staggering rate ...

6. Oil prices hold steady at $90 a barrel as Wall Street weighs ...

   www.aol.com/finance/oil-prices-hold-steady-90...

   Oil prices rose on Tuesday amid tight supplies and speculation over what $100 oil could do to the economy.. West Texas Intermediate settled at $90.39 per barrel on Tuesday while Brent also closed ...

7. 1990–1999 world oil market chronology - Wikipedia

   en.wikipedia.org/wiki/1990–1999_world_oil...

   The merger comes in the context of low oil prices, which have hurt profits at many oil companies. (DJ) December 23: The Colombian government says it will allow gasoline and diesel prices to float with international oil prices starting January 1, 1999. The move will end a system of artificial price fixing which has cost the government more than ...