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 ...

NEW YORK, Oct 4 (Reuters) - Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were ...

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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 ...

The president was asked about a potential strike on the oil infrastructure of Iran, which accounts for about 2 percent of the world’s supply. By Jason Karaian and Stanley Reed Oil prices jumped ...

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 ...

Oil prices could rise above $80 a barrel within ... He added that a “top-tier trade-in service will be essential” for the group. His counterpart at musicMagpie, chief executive and co-founder ...