On This Day

Saudi Arabia increases its oil buy-back price from 93 percent to 94.9 percent of the posted price

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) and also known simply as the Saudi, is a country in West Asia.

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) and also known simply as the Saudi, is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about 2,150,000 km2 (830,000 sq mi), making it the fifth-largest country in Asia, the largest in the Middle East, and the twelfth-largest in the world. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Bahrain, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel.

Historical Significance

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) and also known simply as the Saudi, is a country in West Asia.

Events Before

  1. Britain, Ireland, and Denmark become the 7th, 8th, and 9th members of the European Economic Community

    Denmark is a Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark, also known as the Danish Realm, a constitutionally unitary state that...

  2. Elvis Presley files for divorce from Priscilla Presley on his 38th birthday

    Elvis Presley files for divorce from Priscilla Presley on his 38th birthday

  3. Actress Jane Fonda weds activist Tom Hayden

    Jane Seymour Fonda is an American actress and activist. Fonda's work spans several genres and over six decades of film and television.

  4. In a landmark decision, the US Supreme Court legalizes most abortions (Roe v. Wade). Writing the majority opinion, Justi

    In a landmark decision, the US Supreme Court legalizes most abortions (Roe v. Wade). Writing the majority opinion, Justice Harry Blackmun states that the criminalization of abortion does not have "roots in the English common law tradition."

  5. US President Richard Nixon announces an accord has been reached to end the Vietnam War

    Richard Milhous Nixon (January 9, 1913 – April 22, 1994) was the 37th president of the United States, serving from 1969 until his resignation in 1974.

Events After

  1. TV game show "Wheel of Fortune" debuts on NBC

    Wheel of Fortune (often known simply as Wheel) is an American television game show created by Merv Griffin. The show has aired continuously since January 6, 1975.

  2. Actress Zsa Zsa Gabor (57) weds toy inventor Jack Ryan (48) (div. 1976)

    Actress Zsa Zsa Gabor (57) weds toy inventor Jack Ryan (48) (div. 1976)

  3. Margaret Thatcher defeats Edward Heath for leadership of the British Conservative Party

    Margaret Hilda Thatcher, Baroness Thatcher, was a British stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990.

  4. Colour television transmission begins in Australia

    Television broadcasting in Australia began officially on 16 September 1956, with the opening of TCN-9, quickly followed by national and commercial stations in Sydney and Melbourne, all these being in…

  5. "Mirror," a Russian film directed by Andrei Tarkovsky and starring Margarita Terekhova and Ignat Daniltsev, is released

    Mirror is a 1975 Soviet avant-garde drama film directed by Andrei Tarkovsky and written by Tarkovsky and Aleksandr Misharin.

More from the 1970s

Frequently Asked Questions

What happened on September 6, 1974?
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) and also known simply as the Saudi, is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about 2,150,000 km2 (830,000 sq mi), making it the fifth-largest country in Asia, the largest in the Middle East, and the twelfth-largest in the world. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Bahrain, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south.
Why is Saudi Arabia increases its oil buy-back price from 93 percent to 94.9 percent... significant?
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) and also known simply as the Saudi, is a country in West Asia.

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