About 1970s
The 1970s was a decade of the Gregorian calendar that began on January 1, 1970, and ended on December 31, 1979.
Barry Manilow explains why he kept his sexuality a secret for decades
... The star, who came out publicly in 2017, told CNN s Chris Wallace that " the public was not ready for anybody to come out" as gay in the 1970S...
The Beatles' final song Now And Then: When is it out and what will it sound like?
... An apologetic love song, it s fairly typical of John Lennon s solo output of the 1970S - in a similar vein to Jealous Guy...
World Bank warns oil prices could reach $150 a barrel
... Under its worst case scenario, the World Bank said a situation could develop that was comparable with the oil crisis of the 1970S, which would could push oil prices up to between $140 and $157 a barrel...
Chandrayaan-3: What has India's Moon rover Pragyaan been up to since landing?
... Noah Petro, a project scientist at Nasa, told the BBC s Soutik Biswas that it s been known from the 1970S - from the Apollo and Luna samples - that sulphur is present in the lunar soil...
'Harold Shipman killed my gran - so I played him on stage'
... That is all Edwin Flay remembers about Harold Shipman during visits to his surgery as a child in the 1970S - before the GP killed the boy s grandmother...
Rudy Giuliani jailed mobsters with a charge he now faces
... While Rico prosecutions had been used before - notably against the Hells Angels motorcycle gang in California in the late 1970S - Mr Giuliani and his allies have long lauded its use as one of his prime accomplishments before becoming mayor...
Sixto Rodriguez: Searching for Sugar Man singer dies aged 81
... Little was known about Rodriguez in the country despite his music being so popular, and false rumours had circulated that the singer had killed himself on stage in the 1970S...
Riley Keough: Director and actress 'struggled' to get War Pony funded
... Keough s profile has an actress has risen further with the release of Daisy Jones & The Six, based on a novel set in the LA music scene of the 1970S - but she says she always wanted to direct and write as well...
World Bank warns oil prices could reach $150 a barrel
By Vishala Sri-PathmaBusiness reporter
Oil prices could rise to More Than $150 a barrel if The Conflict in the Middle East escalates, according to the World Bank .
A drawn-out war in the region could drive big rises in energy and food prices, just a year after prices spiked due to The Russian invasion of Ukraine.
For now oil prices remain steady at around $90 a barrel and are predicted to fall.
However, The Bank warns that this outlook could quickly reverse.
Under its Worst Case scenario, the World Bank said a situation could develop that was comparable with the oil crisis of the 1970S , which would could push oil prices up to between $140 and $157 a barrel.
In October 1973, Arab oil producing nations cut exports to the US and other countries that supported Israel in the Yom Kippur war. It sent prices sky high.
" The latest conflict in the Middle East comes on The Heels of the biggest shock to commodity markets since the 1970S - Russia 's war with Ukraine, " said Indermit Gill, chief economist at the World Bank . " That had disruptive effects on the global economy that persist to This Day . "
She added that policymakers would need to be vigilant, as the scenario of a " dual energy shock" affecting supplies of both oil and gas, had not occurred for decades.
European gas prices jumped higher this month, as investors feared pipeline disruptions near the Gaza Strip would hit global supplies.
However, oil markets have mostly shrugged off the impact of The Conflict So Far .
Benchmark Brent prices fell More Than 1% to around $89 per barrel on Monday.
If The Crisis in the Middle East does not escalate, current predictions are for wholesale prices to fall to $81 a barrel.
The World Bank said the global economy was in a better position to withstand a supply shock than it had been during previous conflicts in the Middle East .
But The Bank was cautious, saying the global economy was still recovering from the energy price spikes seen Last Year .
Higher energy prices can lead to high inflation, as happened following Russia 's invasion Ukraine, with a knock-on affect on other commodities.
" Higher oil prices, if sustained, inevitably mean higher food prices, " said Ayhan Kose, deputy chief economist at the World Bank .
She added: " If a severe oil-price shock materialises, it would Push Up food price inflation that has already been elevated in many developing countries. At The End of 2022, More Than 700 million People - nearly a tenth of the global population - were undernourished. "
The Bank is concerned that an escalation of this latest conflict would intensify food insecurity, not only within the region but also across The World .
A better scenario outlined by The Bank forecasts a minor disruption in which the global oil supply would be reduced by 500,000 to two million barrels A Day .
In this situation, the oil price would rise to a range of $93 to $102 a barrel, The Bank said.
Related TopicsSource of news: bbc.com
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