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World News   Business   Oil
World Oil Timeline Wednesday, July 23     Author
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            Chart 		Summary.     Click for More > Saudi oil output to rise in July G8: Oil prices could spur global recession Oil crisis dominates G8 meeting Oil price soars as US woes mount  The price of oil has made a record jump to nearly $139 a barrel, gaining more than $10 - its biggest-ever one-day rise Summit targets global food crisis Oil soars to new record over $135  The price of oil is more than twice what it cost a year ago. The latest surge was driven by fallen US supplies of crude Iran dumps U.S. dollar for oil trades Oil firms cut output Rogue trader to cost SocGen $7bn Tons of oil spill into Yellow Sea Oil nudges $99 a barrel
Oil recovers after four-day slump   Gore challenges US to ditch oil   The Nobel laureate and ex-VP has urged Americans to abandon electricity generated by fossil fuels within a decade Oil price surges above $143 a barrel Saudi Arabia to increase oil output  King Abdullah: Saudi Arabia will increase its daily production from 9 million barrels to 9.7 million in the near future to counter the sharp... Saudis to host oil price summit   Bush calls for offshore drilling
Fri.   Global
Thu.   USA
Jun. 30   New York
Jun.22   Saudi Arabia
Jun.21   Saudi Arabia
Jun.18   Washington
  President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports
Jun.15   Saudi Arabia
Jun.8   Japan
Jun.7   Japan
Jun.6   New York
May.22   New York
Apr.30   Iran
Apr.25   Nigeria

year 2007 ... more >
Dec.7   South Korea
Nov.21   Singapore

Bush lifts ban on offshore oil drilling Oil prices reach new record high Saudis rule out further crude increases Oil price surges above $143 a barrel  Light, sweet crude for August delivery rose $3.31 a barrel in electronic trading on the New York Mercantile Exchange, by midday in Europe Oxfam: Caution needed on biofuel boom Oil prices surges despite Saudi pledge Oil summit calls for supply boost Saudi Arabia to increase oil output

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Details:

Oil recovers after four-day slump  Oil prices moved back above $130 a barrel after sliding more than 11% in the past 4 days, with prices dropping $15 a barrel in that period   Gore challenges US to ditch oil

July 2008 ... more > Top ^

Fri.   Global
Thu.   USA
  The Nobel laureate and ex-VP has urged Americans to abandon electricity generated by fossil fuels within a decade
Jul. 14   Washington
Jul. 2   Singapore
Jul. 1   Saudi Arabia

June 2008 ... more > Top ^

Jun. 30   New York
Jun. 24   Belgium
Jun.23   Global
Jun.22   Saudi Arabia
  Saudi Arabia
  King Abdullah: Saudi Arabia will increase its daily production from 9 million barrels to 9.7 million in the near future to counter the sharp rise in prices
Jun.21   Saudi Arabia Saudis to host oil price summit Map of Jeddah Saudi Arabia  S. Arabia is set to host a meeting of oil producing and consuming nations to discuss soaring oil prices   Saudi Arabia U.S.: Oil production has not met demand   Nigeria Oil pipeline attacked Jun.19   China China raises fuel prices Jun.18   Washington   Bush calls for offshore drilling
  President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports
Jun.17   London Oil steady but further spikes feared Jun.16   New York Oil at record near $140 a barrel Jun.15   Saudi Arabia Saudi oil output to rise in July  Saudi Arabia will increase its oil production by 200,000 barrels a day next month to meet growing world demand UN hands over to Kosovo Albanians Jun.13  United Kingdom  Fuel prices see strikes spread globally Jun.8   Spain Hauliers on fuel strike   Japan G8: Oil prices could spur global recession  Japan's energy chief launched a meeting of ministers from the G8 nations by warning that soaring oil prices could trigger a global recession Jun.7   Japan Oil crisis dominates G8 meeting  The energy ministers of the world's leading industrialised nations are meeting amid fears soaring oil prices could damage the global economy Jun.6   New York Oil price soars as US woes mount
  The price of oil has made a record jump to nearly $139 a barrel, gaining more than $10 - its biggest-ever one-day rise
 New York  Oil prices soar above $134 a barrel Summit targets global food crisis

May 2008 ... more > Top ^

May.30   Portugal Europe fuel protests spread wider May.23  Nigeria  Violence ripples to gas prices May.22   New York Oil soars to new record over $135
  The price of oil is more than twice what it cost a year ago. The latest surge was driven by fallen US supplies of crude
May.15  Nigeria  100 killed in pipeline fire

April 2008 ... more > Top ^

Apr.30   Iran Iran dumps U.S. dollar for oil trades  Iran has stopped conducting oil transactions in U.S. dollars in a concerted attempt to reduce reliance on Washington Apr.26  England  BP readies pipeline closure Apr.25   Nigeria Oil firms cut output  Industrial action and attacks from militants have forced Exxon Mobil and Royal Dutch Shell to cut their production  Nigeria  Militants claim pipeline attack Apr.21   UN Leaders warn on biofuels and food Apr.18   New York Crude hits record $117 per barrel

February 2008 ... more > Top ^

Feb.12  Venezuela  Exxon Mobil cut off from Venezuela's oil

January 2008 ... more > Top ^

Rogue trader to cost SocGen $7bn

year 2007 Top ^


December 2007 ... more > Top ^

Dec.26  Nigeria  At least 34 dead in fuel pipeline fire Dec.21   Venezuela Chavez proposes oil barter scheme Dec.7   South Korea Tons of oil spill into Yellow Sea  Thousands of tons of oil spilled off the western coast of South Korea after an oil tanker collided with a barge carrying a crane

November 2007 ... more > Top ^

Nov.21   Singapore   Oil nudges $99 a barrel  The declining dollar and speculation that the U.S. Federal Reserve will again cut interest rates also boosted prices Nov.8   Brazil Oil discovery rocks Brazil

October 2007 ... more > Top ^

Oct.29  UN  Israel's Gaza fuel cuts alarm UN

July 2007 ... more > Top ^

Jul.13  North Korea  N. Korea receives oil shipment

June 2007 ... more > Top ^

Jun.26   Iran Protests fuel rationing Jun.25  Venezuela  US firms 'reject' Venezuela deal Jun.7   Oman Cyclone pounds Mideast oil region

January 2007 ... more > Top ^

Jan.16  Washington  BP failed on safety - U.S. panel Jan.8   European Union   Russia oil row hits Europe supply   Oil supplies to Poland, Germany and Ukraine have been cut amid a row between Belarus and Moscow

year 2006 Top ^

Dec.26   Nigeria Pipeline explosion kills at least 260   A massive explosion and fire ignited as crowds carried away buckets of fuel from a tapped fuel pipeline Nov.22   Nigeria Kidnapped British oil worker dies in rescue APEC vows to salvage trade talks Oct.19   Qatar Opec approves cut in oil output Jul.13   USA Record oil price of $78.40 per barrel  Due in part to N. Korea's missile launches, Middle East Crisis, Iranian nuclear brinkmanship Jun.4  Iran  Iran warns U.S. on oil shipments May.12   Nigeria Oil pipeline explosion kills up to 200  Vandals are thought to have caused the explosion on the outskirts of the city of Lagos; all of them were killed Apr.21   New York Oil breaks through record $75  There are fears of a supply disruptions in Iran and Nigeria and reports of gas shortages on the U.S. East Coast

year 2005 Top ^

Dec.29  Northern Iraq  Death threats cut oil flow Nov.25  China  Oil firm apologizes for toxic slick Nov.23  Iran  MPs reject oil minister Sep.30  Indonesia  Clashes over fuel hike Aug.1  Saudi Arabia  Saudis pledge to keep pumping oil Jul.27  Mumbai  Fire breaks out on oil rig China scraps yuan peg to dollar May.25   Azerbaijan   Giant Caspian oil pipeline opens  Oil is set to flow from Azerbaijan direct to the Mediterranean for the first time after a $3.6bn pipeline opened Apr.16  Washington  G-7 finance leaders focus on oil, debt Mar.23  Texas  Huge blast rocks oil plant

year 2004 Top ^

Dec.19   Moscow Yukos unit fetches $9bn at auction Dec.16   Gulf Bin Laden tape urges oil attack Nov.19  Russia  Russia confirms Yukos break-up Oct.22   New York Oil price rises above $55 a barrel  Petroleum supply crude data has shown 5 weeks of falling inventories of distillate fuel Oct.10   Nigeria Fuel price strike starts Oct.7  New York  Oil climbs to $53 price peak Sep.27   New York Oil rises to $50  Rising tension in Nigeria has pushed U.S. crude oil futures to the psychological level Aug.28  Iraq  Oil Halts Slide on Iraqi Pipeline Attacks Aug.20   New York Oil nears key $50-a-barrel mark Jul.3  Moscow  Police raid Yukos headquarters Jun.15  Iraq  Sabotage stops Iraqi oil flow Jun.3  Beirut  Opec 'to increase output by 8%' Jun.2  Lebanon  Opec meets to tackle oil output  Saudi Arabia  Saudis say oil industry 'secure' May.31  Saudi Arabia  Oil price surge after siege Government fears hit shares Apr.25  Iraq  Raid disrupts oil exports Apr.24  Iraq  Blasts target oil terminals

year 2003 Top ^

Oct.30  Moscow  Yukos shares seized by government Aug.16  Iraq  Fire halts flow of oil Jun.21  Nigeria  105 killed in oil blast Apr.28  Iraq  Ex-oil minister gives up Jan.12   Austria OPEC to raise daily oil output

year 2002 Top ^

Dec.19  Venezuela  Oil execs defy court order, stay off job Dec.18   Venezuela Strike strangles oil exports Nov.14  North Korea  Oil shipments to N Korea frozen Nasdaq fell to 1,114 Apr.8  Iraq  Iraq cuts off oil exports Euro mark celebrations

year 2001 Top ^

Apr.16  Colombia  Rebels kidnap oil workers Mar.20  Rio de Janeiro  World's biggest oil rig sinks Mar.17  Rio de Janeiro  Rush to save slowly sinking oil rig