Analysis-When it comes to oil, the global economy is still hooked

Posted on by cngpump
When the Yom Kippur War of 1973 triggered an Arab State oil embargo that convulsed world markets and sent inflation into double-digits, oil made up nearly half the global energy mix – a figure that has since dropped to around one third.

Related posts:

  1. Gulf heavyweights kept busy as world worries about oil supply over Ukraine conflict
  2. Why Japan’s power sector depends so much on LNG
  3. Fitch slashes FY23 India growth forecast to 8.5% on high energy prices
  4. Oil price falls 5 per cent, cools down from Russian oil shock rally
  5. IEA fears global crude oil supply ‘shock’ over Russia sanctions
  6. Crude oil price extends losses; Russia to fulfil supply contracts
  7. Petrol and diesel prices hiked for the 1st time since November 2, 2021, LPG rates up too
  8. Adani-IOC sign agreement for augmenting crude oil volumes
  9. ANALYSIS-Ukraine crisis forces world to confront its oil and gas addiction
  10. Rising oil prices to worsen fiscal burden for India’s economy: ICRA