OPEC member countries monitor the market and decide collectively to raise or lower oil production in order to maintain stable prices and supply ... OPEC issues an embargo against the United ...

who has repeatedly called on OPEC “to reduce the price of oil.” OPEC always publicly claims that it doesn’t mingle politics with market decisions. But in the current geopolitical situation ...

Oil has orchestrated political symphonies for a very long time and still does. The oil embargo of 1973 ... fervour to push down prices and tame inflation. However, for OPEC, it is a lesson learnt ...

HOUSTON (Reuters) -Oil prices gained 1% on Monday as U.S. President ... "We’ve got a little bit of a supply shock of Venezuela losing barrels to the world market. So that’s definitely a ...

Brought in part by the surge in crude oil prices due to an OPEC embargo on the U.S., stagflation ... of stagflation hitting again is low, the shock of recent policy decisions by the Trump ...

The inflation spikes in the 1970s were a function of several issues, starting with the 1973 OPEC oil embargo. That embargo sent oil prices soaring after the U.S. supported Israel in the Yom Kippur ...

Since the oil price shock of 2014, however ... That eventual move by OPEC "was always planned," Swanston said, "but Trump's declaration of demanding they do so may have provided the group cover ...

the formation of OPEC in 1960, the series of conflicts with neighbouring Israel over the period, and then the 1973/74 oil embargo, as also analysed in full in my latest book. By bringing this ...