Annual Oil Market Chronology
Overview
This chronology was originally published by the Department of Energy's Office of the Strategic Petroleum Reserve, Analysis Division. Updates for 1995-2006 are from the Energy Information Administration. Please click here for the latest monthly chronology and for a more detailed chronology for past years.

World Nominal Oil Price Chronology: 1970-2006

The price data graphed above are in nominal terms, i.e., they are in "dollars-of-the-day" and have not been adjusted for inflation. Clicking the picture above will enable you to access oil prices in real terms that are adjusted for inflation. Historical and forecast real and nominal crude oil and gasoline price information is maintained on a more frequent basis on the Short Term Energy Outlook Webpage.

1.OPEC begins to assert power; raises tax rate & posted prices
2.OPEC begins nationalization process; raises prices in response to falling US dollar.
3.Negotiations for gradual......

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Title: Jabong
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1. Jabong
   

   jabong. Annual Oil Market Chronology Overview This chronology was originally
   published by the Department of Energy's Office of the ... ...