(Photo by Getty Images/Bob Riha, Jr.) As the 50 th anniversary of the first major oil crisis approaches next ... began to believe that OPEC members were no longer able to hold up oil prices ...

The oil crisis of the 1970s was a game-changer for the automotive ... the oil embargo led by the Organization of the Petroleum Exporting Countries (OPEC) deeply affected the economies of Western ...

Decentralized markets guided by scarcity pricing and profit-or-loss accounting utilize essential knowledge that is unknown to ...

Opec's presence in the market is certainly big enough to make an impact. It accounts for more than 40% of global crude oil production. It was higher - more than half in the early 1970s - but the ...

Llewellyn King has been a player in the energy space since 1970. It has been 50 years since the Arab oil embargo and the ensuing crisis ... would peak in 2030. OPEC, in a separate study, said ...

The Organization of Petroleum Exporting Countries (OPEC) keeps the oil demand growth forecast for 2022 at the level of 4.2 mln barrels daily. Global oil consumption can surpass the pre-crisis ...