Sources include: Dow Jones (DJ), New York Times (NYT), Wall Street Journal (WSJ), and the Washington Post (WP).
January 10 The White House announces that President Clinton will not designate the Arctic National Wildlife Refuge (ANWR) as a national monument prior to his departure from office. Environmentalist groups had been pressing for national monument status for the ANWR to prevent oil drilling. (DJ)
January 17 OPEC agrees at a meeting of ministers in Vienna, to reduce members' production quotas by 1.5 million barrels (240,000 m3) per day. The move comes in response to OPEC members' concerns about declining prices.