Discover published sets by community

Stagflation in Western economies, shift towards energy conservation and increased interest in renewable energy sources.

Quadrupling of oil prices, severe recession in the Western world, and prompted efforts to cut dependence on OPEC oil.

Doubling of oil prices, contributed to a global recession and high inflation across many economies.

Collapse in oil prices due to oversupply, leading to economic hardships in oil-exporting countries but lower energy costs for importers.

Short-term oil price increase, budgetary concerns for military operations in the Middle East, and brief economic slowdowns in some countries.

Rising oil prices contributed to the financial crisis of 2007–08, encouraged new energy policies and prompted investment in alternatives.

Significant drop in oil prices, beneficial for oil-importing countries and consumers, but led to economic and political strife in oil-exporting nations.

Unprecedented negative oil prices due to lack of demand during lockdowns, massive storage surplus, and the brief pay-to-take-oil situation.

Spike in oil prices due to the Suez Canal crisis, highlighting the vulnerability of the European oil supply chain.