Let the market fix the oil crisis Opinion The conflict in Iran is unlikely to lead to 1970s-style oil rationing, but policymakers must use price mechanisms and encourage domestic energy investment to insure against unpredictable escalations, says Andy Mayer In 1979 the Iranian Revolution sparked the ‘second oil crisis’ as the price of crude oil more than doubled to $40 per barrel. Although [...]
New record for Hunting after £70m order from Kuwait Oil Company Energy Oil and gas engineering group Hunting has received an order from Kuwait Oil Company valued at $86m (£67.5m).