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

Wikipedia

Publications

NBER: National Bureau of Economic Research · 31 May 2024 English

The substantial fluctuations in oil prices in the wake of the COVID-19 pandemic and the Russian invasion of Ukraine have highlighted the importance of tail events in the global market …

climbing to new record levels as a result of the EU oil embargo against Russia and the ensuing energy crisis


Brookings Institution · 22 May 2024 English

Recent catastrophic wildfires have made it clear that much of the Western United States is exposed to material wildfire risk--including Hawaii and other states that were previously thought to face …

of the Petroleum Exporting Countries (OPEC) oil embargo that resulted in reduced rates of growth in


Brookings Institution · 21 May 2024 English

cheaper in most cases. Compounded by the 1970s oil embargo—which led to a for large, gas-powered vehicles


EU: European Union · 16 May 2024 English

The essay will start by analysing the evolution of the relationship between Saudi Arabia and the US amidst the change going on In the liberal international order, introducing the concept …

discord resulted in the watershed moment of the oil embargo of 1973-74. This disruption caused panic buying


The Hamilton Project · 15 May 2024 English

Given the strong linkage To meet these objectives, we propose that utilities of structure loss to electric infrastructure, one of the in other states and their regulators apply the Califor- …

propose a federal program mod- Countries (OPEC) oil embargo that resulted in reduced eled on California’s


CEPR: Centre for Economic Policy Research · 2 May 2024 English

His research spans macroeconomics, finance, international economics and economic history and has been published in the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, the …

shortages and inflation induced by the 1973 OPEC-led oil embargo. In 2022, following Russia’s invasion of Ukraine measures targeting Western countries range from the oil embargo during the Yom Kippur War in 1973 (Hansen, 2023)


EPRS: European Parliamentary Research Service · 12 April 2024 English

Sanctions have become an increasingly central element of the EU's common and foreign security policy. At present, the EU has over 50 sanctions programmes in place, concerning nearly 40 countries. …

EU-Russia pre-war trade. The introduction of the EU oil embargo and the G7 oil cap initially led to a decline years of UN sanctions and three years of an EU oil embargo, Iran agreed to safeguards ensuring that its


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


ILO: International Labour Organisation · 18 March 2024 English

The designations employed in ILO publications and databases, which are in conformity with United Nations practice, and the presentation of material therein do not imply the expression of any opinion …

confront the structural shock brought on by the oil embargo that began in 1973. Policymakers’ reactions during


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


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