1989 world oil market chronology

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• March 23: Exxon tanker Valdez runs aground, spilling 11 million gallons of crude oil in the waters of Prince William Sound's Bligh Reef. Oil prices react upward to news of the spill and to potential shortages on the west coast caused by refinery fires there.
• June: OPEC raises their production ceiling to 19.5 MMB/D.

previous year: 1988 world oil market chronology

This article is part of the Chronology of world oil market events (1970-2005)

following year: 1990 world oil market chronology

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Categories: History of the petroleum industry | 1989 | History stubs

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• This page was last modified 09:55, 28 August 2006 by Wikipedia user Tim!. Based on work by Wikipedia user(s) James086, Pearle, NorthernThunder, Melchoir, J.smith, ProveIt, Ambuj.Saxena and Mstroeck and Anonymous user(s) of Wikipedia.
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