1985–1986 Price War and the 1986 Oil Price Collapse

1. OPEC manages prices through Saudi cutbacks

   Jun 1, 1985Labels: Saudi Arabia, OPEC

   • MERIP
   • Econlib

2. Saudi Arabia signals shift to netback pricing

   Sep 10, 1985Labels: Saudi Arabia, Netback pricing

   • UPI

3. OPEC turns toward “fair share” strategy

   Dec 1, 1985Labels: OPEC, Market share

   • WashPost
   • Wiki

4. Prices slide as OPEC production discipline breaks

   Dec 15, 1985Labels: OPEC, Oil prices

   • UPI
   • UPI

5. OPEC subgroup fails to agree in Vienna

   Feb 3, 1986Labels: OPEC, Vienna meeting

   • WashPost
   • UPI

6. WTI crude falls near $12 per barrel

   Mar 3, 1986Labels: WTI, New York

   • UPI

7. OPEC seeks emergency measures to stabilize prices

   Mar 21, 1986Labels: OPEC, Geneva talks

   • UPI

8. WTI hits about $10 as Saudi rejects cuts

   Mar 31, 1986Labels: WTI, Saudi Arabia

   • UPI

9. U.S. industry warns of domestic production impacts

   Apr 25, 1986Labels: U S, Domestic production

   • UPI

10. OPEC ministers fail to set durable quotas

    Jun 30, 1986Labels: OPEC, Brioni meeting

    • WashPost

11. OPEC adopts interim 16 million bpd ceiling

    Aug 5, 1986Labels: OPEC, Production ceiling

    • UPI

12. OPEC committee recommends $18 target and fixed pricing

    Nov 17, 1986Labels: OPEC committee, Pricing policy

    • UPI