1993 world oil market chronology

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  • July: Oil prices plunge on speculation that Iraq will accept U.N. missile test site inspections and receive approval to resume oil exports.
  • November: Combination of OPEC overproduction, surging North Sea output, and weak demand lowers the price of Brent to near $15 per barrel.
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1992 world oil market chronology
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Chronology of world oil market events (1970-2005)
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1994 world oil market chronology