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 ...

On her return, she told me that our forecast that oil prices would decline by 25% by 1985 and then begin rising, was an outlier. One other forecast was for flat prices to 2000, the rest showed ...

The price of oil could hit $120 a barrel by early 2025, according to Citi. That's according to the bank's bull case, which assumes conflict in the Middle East escalates. Israel-Iran tensions have ...

Bitcoin prices will surge if escalating tensions in the Middle East cause oil and energy prices to rise, according to Arthur Hayes, co-founder of the crypto exchange BitMEX. Hayes wrote in an Oct.

Oil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in the ...

Crude oil prices moved higher today, after the Energy Information Administration reported an inventory dip of 2.2 million barrels for the week to October 11. The inventory change compared with a ...

Vice President Kamala Harris is facing criticism for touting oil production under the Biden ... while previously calling for such companies to "pay the price" for climate change.

A significant drop in oil prices may offer consumers reason to celebrate, but it also hints at an economic slowdown in China, the world’s second largest economy. China’s stimulus efforts are ...

LONDON, United Kingdom - Oil prices tumbled more than five percent Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he would not strike Iran's crude or ...