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Sheik Yamani, dead at age 90… WSJ

You are here: Home / Commodity Research / Sheik Yamani, dead at age 90… WSJ

February 23, 2021 by Jim Colburn Leave a Comment

Benoit Falcon and Summer Said, Wall Street Journal, writes the obit Saudi Arabia’s most influential oil minister, here…

”Then-Crown Prince Faisal, son of the founder of Saudi Arabia King Abdulaziz, took him under his wing upon his return, leading to his appointment as oil minister at the age of 32. As head of what would become the region’s biggest oil player, he would also become the de facto leader of the Organization of the Petroleum Exporting Countries, shaping it into a formidable, global economic force.

Arab members of the group agreed to embargo oil exports to the U.S. in 1973, to protest Washington’s support of Israel in the Yom Kippur war that year. Crude prices quadrupled and American gasoline prices soared, triggering long lines at filling stations across the country and a global economic recession.”

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Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


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