Bloomberg reported that Saudi Oil Minister Prince Abdulaziz bin Salman during the meeting invoked the 1973 oil embargo imposed by OPEC that drove oil prices soaring.

Israel prepares major Gaza operation that may forcibly relocate civilians and risks escalating regional tensions.

Western energy giants like Chevron, Shell, BP, and Eni are ramping up investments in Egypt’s gas sector. Egypt holds a unique ...

The trio of interests atop business, military, and government depicted in C. Wright Mills’s postwar critique is no longer ...

We tend to remember the legendary cars that changed the world, but what about the not-so-legendary ones that changed it, ...

In 1973, the OPEC oil embargo targeted the United States, leading to the first great oil shock and sky-high gas prices. Consequently, Ford sold over half a million of the small, fuel-sipping ...

Recession fears loom large for Canadians as the country grapples with U.S. President Donald Trump's tariffs. But economists ...

Soon after, the energy crisis hit. In 1973, OPEC's oil embargo resulted in a massive supply shock, worsening inflation and depressing output. Official unemployment peaked at 9% while inflation ...

Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, drew a striking historical parallel during a virtual OPEC+ meeting, referencing the 1973 oil embargo as the group ratified its second ...