1986 oil price collapse
1986 · Event
Saudi Arabia floods the market and crude falls from about $30 to under $10 a barrel, devastating the Soviet budget.
On these timelines: Economic History, Cold War, Russia & the USSR, Master
More from Economic History
- Adam Smith (1723)
- Keynes publishes The General Theory (1936)
- Bretton Woods conference (1944)
- Croesus introduces the first bimetallic coinage (550 BCE)
- 1973 oil crisis (1973)
- New Deal (1933)
- Marshall Plan (1948)
- Nixon ends the gold standard (1971)
Around 1986
- Chernobyl disaster (1986)
- Dissolution of the Soviet Union (1991)
- Iranian Revolution (1978)
- Gulf War (1990)
- Invention of the World Wide Web (1989)
- Yugoslav Wars (1991)
- (Everything I Do) I Do It for You (Bryan Adams) (1991)
- Night Fever (Bee Gees) (1978)
- Another Brick in the Wall (Part II) (Pink Floyd) (1979)
- That's The Way Love Goes (Janet Jackson) (1993)