Arab oil producers cut off exports to the U.S. to protest American military support for Israel in its 1973 war with Egypt and Syria. This brought soaring gas prices and long lines at filling ...

On the eve of the 50th anniversary of the world’s first oil crisis, the parallels between October 2023 and October 1973 are easy to draw: A surprise attack on Israel and oil prices rising.

Yet many have refused to learn the lessons of the 1973 oil embargo and the response to it. The embargo should remind the U.S. both of the need for a thriving energy market at home and of the ...

America continues to increase its energy dependence on China for “green”, and on OPEC and Russia for oil. The oil embargo of 1973 imposed by the Organization of Petroleum Exporting Countries (OPEC) ...

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 ...

With this month marking 50 years since the 1973 oil crisis, Deutsche Bank on Monday highlighted several similar indicators in present macroeconomic conditions to that time. In October 1973 ...

In response to sanctions and price caps on its energy exports, Russia reduced supplies of gas to Europe and threatened to cut oil production. The global price of energy shot up. Something like ...