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 ...

It generally takes a couple of weeks for oil price shifts to be reflected in factory gate costs and at the fuel pumps. In the case of petrol and diesel, in recent weeks prices have been at a three ...

If you're in the market for decent quality and reasonably priced tools, then Harbor Freight may be just the place for you. Shopping in physical stores or online, one is met with all kinds of tools ...

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 ...

This issue is preventing our website from loading properly. Please review the following troubleshooting tips or contact us at [email protected]. Your guide to the most important world stories of ...

“It’s hard to overstate how complacent the oil markets have become,” he said. It’s also hard to overstate how much Americans despise price spikes at the gas pump. Gas prices have been ...

A vulnerable point for the Indian economy, which imports nearly 85% of its crude oil requirement ... The possibility of increased freight costs amid geopolitical tensions, coupled with the ...

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 ...