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  2. Abadan Crisis - Wikipedia

    en.wikipedia.org/wiki/Abadan_Crisis

    The AIOC was the United Kingdom's "single largest overseas asset" and a "source of national pride" in the British post-war era of Clement Attlee and Ernest Bevin.Even as late as the "1940s and early 1950s some high British officials still believed that Persian petroleum was actually and rightly British petroleum because it had been discovered by the British, developed by British capital, and ...

  3. BP - Wikipedia

    en.wikipedia.org/wiki/BP

    The intensified power struggle between oil companies and host governments in Middle East, along with the oil price shocks that followed the 1973 oil crisis meant British Petroleum lost most of its direct access to crude oil supplies produced in countries that belonged to the Organization of Petroleum Exporting Countries , and prompted it to ...

  4. Timeline of the Abadan Crisis - Wikipedia

    en.wikipedia.org/wiki/Timeline_of_the_Abadan_Crisis

    The Abadan Crisis was a major event in the history and development of modern Iran. The crisis began in 1951 after the Iranian government, under the democratically elected Prime Minister, Mohammad Mosaddegh nationalized the British owned Anglo-Persian Oil Company, including the Abadan Refinery.

  5. Anglo-Persian Oil Company - Wikipedia

    en.wikipedia.org/wiki/Anglo-Persian_Oil_Company

    In exchange for secure oil supplies for its ships, the British government injected new capital into the company and, in doing so, acquired a controlling interest in APOC. The contract that was set up between the British Government and APOC was to hold for 20 years. The British government also became a de facto hidden power behind the oil ...

  6. 1973 oil crisis - Wikipedia

    en.wikipedia.org/wiki/1973_oil_crisis

    The oil crisis pushed West European car buyers away from larger, less economical cars. [192] The most notable result of this transition was the rise in popularity of compact hatchbacks. The only notable small hatchbacks built in Western Europe before the oil crisis were the Peugeot 104, Renault 5 and Fiat 127.

  7. Ruptured supply chains, rising oil prices, and resurgent ...

    www.aol.com/finance/ruptured-supply-chains...

    When it comes to oil prices, the Red Sea crisis has had a smaller impact than what was seen during the pandemic or the outbreak of the Ukraine war. Although oil prices have steadily risen in ...

  8. ‘Moment of truth’ for oil industry: Deepen the climate crisis ...

    www.aol.com/moment-truth-oil-industry-deepen...

    Oil and gas producers must confront a “pivotal” choice: continue to accelerate the climate crisis or become part of the solution, the International Energy Agency said in a report Thursday.

  9. List of recessions in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/List_of_recessions_in_the...

    1973 oil crisis, stagflation, the decline of traditional British industries, inefficient production, high inflation caused industrial disputes over pay. The economy surpassed its pre-recession peak by 1976 Q4, fourteen quarters after its beginning.