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 ...

“All that muck that’s in there – the oil in the engine sumps, the diesel tanks, the [chemical] toilets – they’ll all pollute the river. “Downriver from here are water intakes. They ...

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 ...

Don't assume "an eye for an eye" response as Israel contemplates its next move against Iran and its proxies, with a top energy expert warning that oil markets aren't fully pricing in geopolitical ...

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 ...

Petrobras, Brazil’s state-owned oil giant, is nearing a major step toward redeveloping the Tupi oil field, one of the largest deep-water reserves globally. The company is close to resolving a ...

Nigeria aims to hit 4 million barrels of oil production per day by 2030, hoping to attract $5-10bn in investments. The federal government has said it is targeting about 4 million barrels per day oil ...

a bottle of clove oil or powder cotton swab or cotton ball carrier oil (such as coconut oil, almond oil, or olive oil) a small dish You can also use clove powder meant for baking, but clove oil is ...

Israel vowed to retaliate. Photo: Amir Cohen/Reuters A rise in oil prices intensified Thursday after President Biden suggested that U.S. officials are considering whether to support an Israeli ...