Brent crude oil price hits all-time low

11/23/1998
The price of Brent crude oil has hit an all-time low, after a week in which the threat of renewed hostility between Iraq and the U.S. brought a brief respite for producers. London's International Petroleum Exchange (IPE) said Brent crude oil for January delivery crashed to $11.20/bbl Nov. 18, breaking the previous low of $11.30/bbl on Oct. 5, 1988. After President Saddam Hussein kicked United Nations weapons inspectors out of Baghdad earlier in the month, the Washington and London governments began once again to amass military forces around the Persian Gulf. The renewed political tension helped push Brent crude for December delivery to $12.42/bbl at the close of trading on N...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected