1993 world oil market chronology (Ofer Abarbanel online library)

  • July: Oil prices plunge on speculation that Iraq will accept U.N. missile test site inspections and receive approval to resume oil exports.
  • November: Combination of OPEC overproduction, surging North Sea output, and weak demand lowers the price of Brent to near $15 per barrel.

 

Ofer Abarbanel online library