Year | Event | Remarks |
1970-1980 | A slump of 10 years |
|
1980-1990 | A comeback to normal | 1981-1987 dry cargo depression |
1975 | Fall in demand for oil for the 1st time in its history |
|
1979 | Oil price rise | From $11/b to $40/b |
1979-1987 | Tanker crisis |
|
1979-1983 | Oil trade fell from 1.4b barrels (1979) to 0.9b (1983) | Fall 64.5% |
1979 | Iraq revolution |
|
2008-end to 2019 | Global financial crisis | 11 years |
2020-2021 | Pandemic COVID-19 |
|