Oil Embargo
An oil embargo is an economic situation wherein entities engage in an embargo to limit the transport of petroleum to or from an area, in order to exact some desired outcome. One commentator states, "[a]n oil embargo is not a common commercial practice; it is a tool of political blackmail, meant to force those at whom it is aimed, into some action they would otherwise not be willing to take".Notable examples of international oil embargoes include: Oil embargo (Sino-Japanese War), 1941–1945 1967 Oil Embargo 1973 oil crisis 1979 energy crisis Embargo against Iran, 2012–2016
WikipediaPublications
NBER: National Bureau of Economic Research · 4 April 2024 English
In 2018, California voters rejected Proposition 6, a ballot initiative that sought to repeal state gasoline taxes and vehicle fees enacted as part of the 2017 Road Repair and Accountability …
difficult. Extending back to the time of the first oil embargo (Knittel (2014)), stated-preference surveys document …
CAPP: Canadian Association of Petroleum Producers · 14 March 2024 English
Source: Canada Energy Regulator 3 Summary of Crude Oil Market Fundamentals Global Crude Oil and Liquids Supply ● Based on the latest short-term forecasts (at the time of this publication) …
supply disruptions following the 500 1973-1974 oil embargo. The SPR currently has an authorized 400 storage …
Oil Change International · 12 March 2024 English
This research The research comes in the context of Israel's 2023 confirms that this is supplied by Israel’s invasion of the Gaza Strip and in the wake of a refineries, …
help bring about a ceasefire by pursuing an oil embargo. • Israel also receives relatively small but …
Brookings Institution · 7 March 2024 English
The U.S.-China relationship is both strained and devoid of ambition. Conversations with officials from the U.S. and Chinese governments have yielded little optimism for potential improvements in bilateral relations in …
the Cold War; after Sputnik in 1957, the OPEC oil embargo in 1973, and the U.S. defeat in Vietnam in 1975; …
AEI: American Enterprise Institute for Public Policy Research · 20 February 2024 English
After the West’s imposition of sanctions on Russia’s oil industry, there is a larger share of world oil production under sanction than at any time in decades. Sanctions impose costs …
Sanctions Russia has responded to the European oil embargo and the price cap in several ways. First, it …
Grid Strategies · 15 February 2024 English
COLLABORATION IN THE 1990S AND EARLY 2000S Moving towards the modern era, following the Energy Policy Act of 1992, which significantly advanced the objective of competitive generation markets, the Commission …
services increased and in response to the 1970s oil embargo, VELCO’s role expanded and it began acting as …
IAI: Istituto Affari Internazionali · 14 February 2024 English
Rome, IAI, February 2024, 45 p., ISBN 978-88-9368-314-2
– especially after the establishment of the oil embargo set by the EU given that all oil production will …
World Bank Group · 14 February 2024 English
Kazakhstan’s economic outlook for the next two years is one of steady growth, driven in part from its continued reliance on hydrocarbons and by stronger consumer spending. Real GDP is …
Iranian revolution (Nov 1978 - Apr 1979 Arab oil embargo (Oct 1973 - Mar 1974) Mln. barrel a day social …
T&E: Transport & Environment · 14 February 2024 English
Figure 1: EU oil consumption in transport (Stratas Advisors) Oil demand recovery driven by aviation in 2023 The recovery of oil demand in the EU was first spurred by the …
Europe. (2022, May). EU finally agrees Russian oil embargo, with exemptions for Czechia, Hungary, Slovakia … https://emerging-europe.com/news/eu-finally-agrees-russian-oil-embargo-with-exemptions-for-cze chia-hungary-slovakia/ … https://emerging-europe.com/news/eu-finally-agrees-russian-oil-embargo-with-exemptions-for-czechia-hungary-slovakia/ … https://emerging-europe.com/news/eu-finally-agrees-russian-oil-embargo-with-exemptions-for-czechia-hungary-slovakia/ …
CGD: Center for Global Development · 8 February 2024 English
The paper makes the case that the flows of trade, capital, and technology should be safeguarded, and that dealing with the downsides of globalization is not beyond the wit of …
History suggests that the global system can absorb major shocks from epidemics, wars, and oil embargos (although financial …
