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The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990, Saddam Hussein's second invasion of a fellow OPEC member. Lasting only nine months, the price spike was less extreme and of shorter duration than the previous oil crises of 1973–1974 and 1979–1980, but the spike still contributed to the recession of the early 1990s in the United States.
WTI ended 2020 at $48.52, down 20.5 percent in its second down year in three years but up 7 percent for the month and more than 20 percent for the quarter. Brent finished at $51.80, down 21.5 percent for the year but up 8.9 percent for December and 26.5 percent for the quarter.
The Age of Oil, [1] also known as the Oil Age, [2] [3] the Petroleum Age, [4] [5] or the Oil Boom, refers to the era in human history characterised by an increased use of petroleum in products and as fuel. Though unrefined petroleum has been used for various purposes since ancient times, it was during the 19th century that refinement techniques ...
The greatest omission in our 106-year history is undoubtedly that Mahatma Gandhi never received the Nobel Peace Prize. Gandhi could do without the Nobel Peace Prize. Whether the Nobel committee can do without Gandhi, is the question. Other high-profile individuals with widely recognised contributions to peace have been overlooked.
Indonesian Crude Price. , or , is a price index for from . The ICP is determined by Dirjen Migas, based on moving average spot price of a basket of eight internationally traded Indonesia crudes: In some cases ICP is used as index in long term LNG contracts in East Asia. [citation needed]
World War II or the Second World War (1 September 1939 – 2 September 1945) was a global conflict between two alliances: the Allies and the Axis powers. Nearly all of the world's countries, including all of the great powers, participated in the conflict, and many invested all available economic, industrial, and scientific capabilities in pursuit of total war, blurring the distinction between ...
History (derived from Ancient Greek ἱστορία (historía) 'inquiry; knowledge acquired by investigation') [1] is the systematic study and documentation of the human past. [2] [3] The period of events before the invention of writing systems is considered prehistory. [4] ". History" is an umbrella term comprising past events as well as the ...