An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1).

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

The price of oil has hit a six-week high amid fears over the escalating conflict in the Middle East. The market value of the benchmark Brent crude increased to almost $80 (£61) a barrel on Monday ...

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The Middle East is in chaos, and the oil market is remarkably calm about it. Oil prices have climbed, but not dramatically so, even as the world braces for an all-out war in the most critical ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Libya said it would resume full oil production from Thursday in a move that should return about 700,000 ...

Dr. Arian Mowlavi, a plastic surgeon who branded himself “Dr. Laguna” on social media, is facing two felony counts of battery with serious bodily injury months after he reached a $6-million ...

The U.S. has transformed global markets by growing into the world’s largest crude oil producer. Here’s why one Texas port—Corpus Christi—is key to the nation’s status as an energy export ...