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3 unusual facts about 1995 world oil market chronology


1995 world oil market chronology

Norwegian Oil Minister Jens Stoltenberg believes production cuts may be necessary if prices begin to fall.

Upon arriving, the Saudi Minister asks Norwegian Minister of Industry and Energy Jens Stoltenberg to restrain his country's oil production in the hopes of stabilizing world oil prices.

February 28: The Pentagon announces that it monitored Iranian installation of surface-to-air Hawk missiles in the Strait of Hormuz.



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