Historydraft Logo
null

1973 oil crisis - Effective OPEC

Time: 1970

Place: Vienna, Austria

Details: In the early 1960s Libya, Indonesia and Qatar joined OPEC. OPEC was generally regarded as ineffective until political turbulence in Libya and Iraq strengthened their position in 1970. Additionally, increasing Soviet influence provided oil-producing countries with alternative means of transporting oil to markets.

Related

Near

Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC oil ministers agree to use oil weapon in Arab-Israeli War
Wednesday Oct 17, 1973 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC Gulf Six decides to raise the posted price of marker crude from $5.12 to $11.65 per barrel
Saturday Dec 22, 1973 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC moves to prevent companies whose interests were nationalized in Iraq
Friday Jun 9, 1972 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-" a complete and total embargo "
Wednesday Feb 3, 1971 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-Study of supply and demand in relation to possible production controls
Friday Sep 13, 1974 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-Arab oil ministers decide to end most restrictions on exports of oil to the United States
Jun, 1974 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC discusses raising prices to offset the decline of U.S. dollar value
Friday Mar 16, 1973 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-Price oil in terms of a fixed amount of gold
Sep, 1971 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC threatens "appropriate sanctions"
Saturday Mar 11, 1972 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC raises prices on average of 15 percent
Tuesday Jun 26, 1979 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC makes a full 14.5 percent price increase for 1979 effective on April 1
Monday Mar 26, 1979 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC prices reunified at $12.70 per barrel as Saudi Arabia and UAE fall into line
1977 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC directs members to negotiate price increases to offset the devaluation of the U.S. dollar
Wednesday Sep 22, 1971 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-All except Libya
Monday Mar 18, 1974 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC goes to two-tier pricing
Jan, 1977 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC approves the plan providing for 25 percent government ownership of all Western oil interests operating
Friday Oct 27, 1972 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-Eight OPEC countries raise posted prices by 11.9 percent
Friday Jun 1, 1973 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC announces a 15 percent increase in government per barrel revenues as of October 1
Wednesday Sep 24, 1975 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC decides on a 14.5 percent price increase for 1979
Tuesday Dec 18, 1979 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC decides to freeze prices until April 1
Monday Jan 7, 1974 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-Iran and Saudi Arabia block efforts of OPEC price hawks to fix the price of OPEC oil in a currency more stable than the U.S. dollar
Jun, 1978 - Vienna, Austria
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-Gasoline shortage/world oil glut
1979 - Worldwide
Beethoven Image
Beethoven-His Most Perfect Single Work
Friday Nov 14, 1828 - Vienna, Austria
null
The Holocaust-100,000 Austrian Jews had left the country
May, 1939 - Austria
Flag of Repubblica Cispadana1
Unification of Italy-The Congress of Vienna restored the pre-Napoleonic patchwork of independent governments
Jun, 1815 - Vienna, Austria
null
The Holocaust-Adolf Eichmann was put in charge of the Central Agency for Jewish Emigration in Vienna
Aug, 1938 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-The Abduction from the Harem
Tuesday Jul 16, 1782 - Burgtheater, Vienna, Austria
Napoleon Bonaparte
Napoleon-Imperial Government secretly decided on another confrontation against the French
Wednesday Feb 8, 1809 - Austria
Anna May Wong
Anna May Wong-Operetta
1920s - Vienna, Austria
Beethoven Image
Beethoven-The Ninth Symphony
Friday May 7, 1824 - Vienna, Austria
Georg Reutter Birth
Georg Reutter Birth
Friday Nov 3, 1656 - Vienna
Beethoven Image
Beethoven-Writing the Erocia
1803 - Vienna, Austria
Beethoven Image
Beethoven-Compositional Drop
1813 - Vienna, Austria
null
German revolutions of 1848–1849-Austria was the predominant German state
1846 - Central Europe (Present-Day Austria)
Beethoven Image
Beethoven-War Reached Vienna
1809 - Vienna, Austria
null
German revolutions of 1848–1849-Austrian troops opened fire on unarmed demonstrators
Wednesday Aug 23, 1848 - Central Europe (Present-Day Vienna, Austria)
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Creditanstalt becomes insolvent
Monday May 11, 1931 - Vienna, Austria
null
The Holocaust-Germany annexed Austria
Saturday Mar 12, 1938 - Austria
Beethoven Image
Beethoven-Studying In Vienna
1800s - Vienna, Austria
Beethoven Image
Beethoven-Resurgence
1819 - Vienna, Austria
null
German revolutions of 1848–1849-Revolution in Vienna was a catalyst to revolution throughout the German states
Mar, 1848 - Central Europe (Present-Day Austrian Empire)
Beethoven Image
Beethoven-Leaving for Vienna
1792 - Vienna, Austria
Library
Libraries-Austrian National Library
1368 - Vienna, Austria
Banner of the Holy Roman Empire
Holy Roman Empire-Battle of Vienna
1683 - Vienna, Austria, Holy Roman Empire
Beethoven Image
Beethoven-Deafness Beginning
1798 - Vienna, Austria
Ottoman Empire Coat of arms
Ottoman Empire-Battle of Vienna
Sunday Sep 12, 1683 - Vienna
Ottoman Empire Coat of arms
Ottoman Empire-Siege of Güns
Friday Aug 5, 1532 - Austria, and Hungary
Napoleon Bonaparte
Napoleon-Napoleon married Marie Louise
Sunday Mar 11, 1810 - Augustinian Church, Vienna, Austria
Chernobylreactor
Chernobyl disaster-The second reports on Chernobyl; INSAG-7
1992 - Vienna, Austria
Beethoven Image
Beethoven-Falling in Love
May, 1799 - Vienna, Austria
J.F.Kennedy Image
John F. Kennedy-Khrushchev meeting
Sunday Jun 4, 1961 - Vienna, Austria
Carlos Slim
Carlos Slim-Telekom Austria
Wednesday Apr 23, 2014 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-Mozart marries Constanze
Sunday Aug 4, 1782 at 09:03:00 PM - St Stephen’s Cathedral, Vienna, Austria
Beethoven Image
Beethoven-First Performance in Vienna
1795 - Vienna, Austria
Beethoven Image
Beethoven-The Secod Symphony
1802 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-Collaboration with Da Ponte
Oct, 1785 - Vienna, Austria
Beethoven Image
Beethoven-Winning a Piano Duel
1799 - Vienna, Austria
Beethoven Image
Beethoven-Vienna Statue
1880 - Vienna, Austria
Beethoven Image
Beethoven-Attracting recognition
1807 - Vienna, Austria
World War II
World War II-Bulgaria and Yugoslavia signed the Tripartite Pact
Mar, 1941 - (Present Day Vienna, Austria)
Wolfgang Amadeus Mozart
Mozart-His first son and the tragedy
Tuesday Jun 17, 1783 at 02 PM - Vienna, Austria
Chernobylreactor
Chernobyl disaster-The reports on Chernobyl; INSAG-1
Friday Aug 29, 1986 - Vienna, Austria
Ottoman Empire Coat of arms
Ottoman Empire-Suleiman the Magnificent failed to take Vienna
Friday Sep 27, 1529 - Vienna
Yersinia pestis
Plague-The Great Plague of Vienna
1679 - Austria
Wolfgang Amadeus Mozart
Mozart-Working as the Kammermusicus to the Emperor’s court
Oct, 1787 - Vienna, Austria
Anton Teyber Birth
Anton Teyber Birth
Wednesday Sep 8, 1756 - Vienna
Beethoven Image
Beethoven-The Recipient of the Für Elise
1810 - Vienna, Austria
Beethoven Image
Beethoven-The Pathétique
1799 - Vienna, Austria
Joseph I Habsburg Birth
Joseph I Habsburg Birth
Tuesday Jul 26, 1678 - Vienna
Napoleon Bonaparte
Napoleon-Vienna fell for the second time in four years
Saturday May 13, 1809 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-Mozart's last opera
Friday Sep 30, 1791 - Theater auf der Wieden, Vienna
Beethoven Image
Beethoven-Last Public Appearance as a Soloist
May, 1814 - Vienna, Austria
Charles II Brith
Charles II Brith
Monday Jun 3, 1540 - Vienna
Beethoven Image
Beethoven-Inflammatory Fever
Oct, 1816 - Vienna, Austria
Ignaz von Seyfried Birth
Ignaz von Seyfried Birth
Thursday Aug 15, 1776 - Vienna
Battle of Mohcs
Battle of Mohcs
Sunday Aug 29, 1526 - the Hungarian Empire
Beethoven Image
Beethoven-Patrons
1803 - Vienna, Austria
null
German revolutions of 1848–1849-The citizens of Vienna returned to the streets
May, 1848 - Central Europe (Present-Day Vienna, Austria)
Beethoven Image
Beethoven-The Creatures of Prometheus
1801 - Vienna, Austria
Beethoven Image
Beethoven-Bedridden
Apr, 1825 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-Becoming a Freemason
Tuesday Dec 14, 1784 - Vienna, Austria
Beethoven Image
Beethoven-Back to Work
Jun, 1813 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-Mozart meets Haydn
1784 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-Mozart wins a duel against Clementi
Monday Dec 24, 1781 - Vienna, Austria
Adolf Hitler
Adolf Hitler-Homeless
1909 - Vienna, Austria-Hungary, Austria
Wolfgang Amadeus Mozart
Mozart-Mozart resigns
Monday Jun 8, 1778 - Vienna, Austria
Beethoven Image
Beethoven-Death
Monday Mar 26, 1827 - Vienna, Austria
Beethoven Image
Beethoven-Beethoven Expected to Return to Bonn
1794 - Vienna, Austria
Beethoven Image
Beethoven-Egmont
1809 - Vienna, Austria
Andreas Anton Schmelzer Birth
Andreas Anton Schmelzer Birth
Wednesday Nov 26, 1653 - Vienna
Beethoven Image
Beethoven-Publishing the Erocia
1806 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-A new baby and a new house
Tuesday Sep 21, 1784 - Vienna, Austria
Carlos the Jackal Image
Carlos the Jackal-OPEC Attack
Sunday Dec 21, 1975 - Vienna, Austria
Wolfgang Amadeus Mozart
Mozart-Mozart meets Beethoven
Tuesday Apr 7, 1778 - Vienna, Austria
Ferdinand IV Birth
Ferdinand IV Birth
Thursday Sep 8, 1633 - Vienna
null
German revolutions of 1848–1849-The citizens of Vienna had demonstrated against the emperor's actions
Oct, 1848 - Central Europe (Present-Day Vienna, Austria)
Napoleon Bonaparte
Napoleon-Congress of Vienna declared Napoleon an outlaw
Monday Mar 13, 1815 - Vienna, Austria
Josip Broz Tito Image
Josip Broz Tito-Stayed with his older brother Martin and his family
Oct, 1912 - Vienna, Austria-Hungary
Wolfgang Amadeus Mozart
Mozart-Going to Vienna for the first time
Oct, 1762 - Vienna, Austria
null
German revolutions of 1848–1849-Ferdinand issued two manifestos on May and June
1848 - Central Europe (Present-Day Vienna, Austria)

1970

Collage of Images From The Vietnam War
Vietnam War-The Withdrawal of an additional 150,000 American troops
1970 - South Vietnam
Garry Kasparov Image
Garry Kasparov-The Young Pioneer Palace
1970 - Baku, Azerbaijan, U.S.S.R (Azerbaijan Now)
Carlos the Jackal Image
Carlos the Jackal-The Popular Front for the Liberation of Palestine
1970 - Beirut, Lebanon
Shimon Peres Main Image
Shimon Peres-Minister of Transportation and Communications
1970 - Israel
Carlos the Jackal Image
Carlos the Jackal-Expelled from the university
1970 - Moscow, Russia
Silvio Berlusconi Image
Silvio Berlusconi-Milan Due
1970 - Milan, Italy
Margaret Thatcher Image
Margaret Thatcher-The Shadow Transport spokesman
1970 - London, England
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-81 oil companies were doing business in the Middle East
1970 - Middle East
Portrait of Astronaut Neil A. Armstrong, commander of the Apollo 11 - image
Neil Armstrong-Master of Science degree In Aerospace Engineering
1970 - Los Angeles, California, U.S.
Mohamed Aly Image
Muhammad Ali Clay-Mohammad Ali vs Patterson
Thursday Jan 1, 1970 - Las Vegas, Nevada, U.S.
Intel microprocessor
Microprocessor-CTC Opted To Use Their Own Implementation In The Datapoint 2200
1970 - Brentford, United Kingdom
Intel microprocessor
Microprocessor-The Design of The CADC Was Completed
1970 - U.S.
Intel microprocessor
Microprocessor-The MP944 Chipset
1970 - U.S.
Intel microprocessor
Microprocessor-TMX 1795
1970 - Dallas, Texas, U.S.
Intel microprocessor
Microprocessor-TI Dropped Out
1970 - Dallas, Texas, U.S.
DC Comics logo
DC Comics-Jack Kirby moved from Marvel Comics to DC
1970 - New York, U.S.
John Forbes Nash Image
John Forbes Nash Jr.: A Beautiful Mind-Nash leaves hospital
1970 - U.S.
Muhammad Yunus
Muhammad Yunus-1st Marriage
1970 - Nashville, Tennessee, U.S.
Warren Buffett
Warren Buffett-The Chairman
1970 - Omaha, Nebraska, U.S.
A painting dedicated to the founders of Black History Month, the Black United Students at Kent State University, by Ernie Pryor
Black History Month-The first celebration of Black History Month
Friday Jan 2, 1970 - Kent, Ohio, U.S.
King Edward VIII
Edward VIII-President Richard Nixon invited Edward of honor to a dinner
1970 - Washington D.C., U.S.
Donald Trump
Donald Trump-Trump's parents joined the Marble Collegiate Church
Jan, 1970 - Manhatten, New York, U.S.
Carter G. Woodson
Carter G. Woodson-The Black United Students and Black educators at Kent State University
Sunday Feb 1, 1970 - Kent State University, Kent, Ohio, U.S.
Audrey Hepburn
Audrey Hepburn-Luca Andrea Dotti
Sunday Feb 8, 1970 - Rome, Italy
null
Internet-Network Control Program (NCP)
1970 - U.S.
Collage of Images From The Vietnam War
Vietnam War-Cambodian coup of 1970
Wednesday Mar 18, 1970 - Cambodia
Armed soldiers stand guard in Sarawak
Communist insurgency in Sarawak-Head of the Sarawak People's Guerrillas in Sarawak's First Division, formed the North Kalimantan Communist Party
Monday Mar 30, 1970 - North Kalimantan, Indonesia
Intel microprocessor
Microprocessor-Intel Hired Italian Engineer Federico Faggin as The Intel 4004 Project Leader
Apr, 1970 - California, U.S.
The Beatles Image
The Beatles-McCartney Publicly announced his departure
Friday Apr 10, 1970 - England
Freddie Mercury
Freddie Mercury-Smile
Apr, 1970 - England, United Kingdom
Richard Nixon
Richard Nixon-Nixon announced the ground invasion of Cambodia
Thursday Apr 30, 1970 - Washington D.C., U.S.
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-TAP line from Saudi Arabia to the Mediterranean interrupted in Syria
1970 - Syria
Richard Nixon
Richard Nixon-Ohio National Guardsmen shot and killed four unarmed students (Protesters)
Monday May 4, 1970 - Ohio, U.S.
The Beatles Image
The Beatles-The Beatle's Last
Friday May 8, 1970 - U.S.
Richard Nixon
Richard Nixon-Nixon's responses to protesters
Saturday May 9, 1970 - The Lincoln Memorial, Washington D.C., U.S.
disasters
Disasters with highest death tolls-1970 Ancash Earthquake
Sunday May 31, 1970 at 03:23:00 PM - Peru
1970 Ancash earthquake
1970 Ancash earthquake-1970 Ancash earthquake
Sunday May 31, 1970 - Peru
Visa Inc. logo
Visa Inc.-Bank of America gave up control of the BankAmericard program
Jun, 1970 - U.S.
Margaret Thatcher Image
Margaret Thatcher-Secretary of State for Education and Science
Saturday Jun 20, 1970 - London, England
Prince Charles Image
Prince Charles-Graduation
Tuesday Jun 23, 1970 - Trinity College, Cambridge, England
Indira Gandhi Image
Indira Gandhi-Minister of Home Affairs
Friday Jun 26, 1970 - New Delhi, India
Armed soldiers stand guard in Sarawak
Communist insurgency in Sarawak-SUPP then entered into a coalition with the Alliance Party's Sarawak partners
Jul, 1970 - Sarawak, Malaysia
A laser beam used for welding
Laser-Zhores Alferov, Izuo Hayashi and Morton Panish independently developed room-temperature, continual-operation diode lasers, using the heterojunction structure
1970 - U.S.S.R.
FIFA logo
FIFA World Cup-A New Trophy
Monday Jul 13, 1970 - West Germany
Pelé Image
Pelé-1970 World Cup
Tuesday Jul 21, 1970 - Aztec Stadium, Mexico City, Mexico
Qaboos bin Said Al Said
Qaboos bin Said al Said-Qaboos acceded to the throne
Thursday Jul 23, 1970 - Oman
Qaboos bin Said Al Said
Qaboos bin Said al Said-Renaissance Day
Thursday Jul 23, 1970 - Oman
KFC
KFC-Intercontinental
1970 - World
KFC
KFC-Japan
1970 - Japan
KFC
KFC-The Australian chicken production
1970 - Australia
Mohamed Aly Image
Muhammad Ali Clay-License back
Tuesday Aug 11, 1970 - New York, U.S.
River Phoenix
River Phoenix-Phoenix's birth
Sunday Aug 23, 1970 - California, United States
disasters
Disasters with highest death tolls-1970 Bhola Cyclone
Sunday Sep 13, 1970 - East Pakistan (now Bangladesh)
DC Comics logo
DC Comics-DC briefly retired the circular logo in favour of a simple "DC" in a rectangle with the name of the title
Oct, 1970 - U.S.
Dollar Tree
Dollar Tree-K&K Toys in Norfolk
1970 - Norfolk, Virginia, U.S.
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-Libya raises posted prices and increases tax rate from 50 percent to 55 percent
Friday Oct 9, 1970 - Libya
Mohamed Aly Image
Muhammad Ali Clay-First return
Monday Oct 26, 1970 - Atlanta, Georgia, U.S.
Logo of the Library of Congress
Library of Congress-Legislative Reorganization Act of 1970
Monday Oct 26, 1970 - Washington D.C., U.S.
Jimmy Carter
Jimmy Carter-1970 Georgia Gubernatorial Election
Tuesday Nov 3, 1970 - Georgia, U.S.
Ronald Reagan
Ronald Reagan-Second Term as a Governor
Tuesday Nov 3, 1970 - California, U.S.
Charles de Gaulle
Charles de Gaulle-Charles de Gaulle died
Monday Nov 9, 1970 - Colombey-les-Deux-Églises, France
Martial arts
Martial arts-Karate World Championships were introduced
1970 - Tokyo, Japan
New York Stock Exchange
New York Stock Exchange-Securities Investor Protection Corporation was established
1970 - Washington D.C., U.S.
Sky Petroleum advertisement, Garage and Motor Agent magazine, 7 July 1973
1973 oil crisis-OPEC meeting in Caracas
Wednesday Dec 9, 1970 - Caracas, Venezuela
disasters
Disasters with highest death tolls-1970 Huascarán Avalanche
1970 - Peru
Jimmy Hoffa
Jimmy Hoffa-The Trials of Jimmy Hoffa
1970 - U.S.
IBM
IBM-IBM System/370
1970 - U.S.
The Beatles Image
The Beatles-McCartney filed a suit
Thursday Dec 31, 1970 - England
Collage of Images From The Vietnam War
Vietnam War-Military Deaths In 1970
1970 - Vietnam
Indira Gandhi Image
Indira Gandhi-The Garibi Hatao Programme
Thursday Dec 31, 1970 - New Delhi, India
<