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 ...

Oil response teams are assessing impacts to the Talbert Marsh following a car that crashed Monday morning into the wetlands at the border of Newport Beach and Huntington Beach. The call came in at ...

CHARLESTON, S.C. -- — Aidan Harrison scored on a 38-yard pick-6 and Nathan Lamb threw a pair of touchdown passes as Western Illinois won its Big South-Ohio Valley Conference opener, topping ...

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 ...

Similarly, tyre stocks like Apollo Tyres, Balkrishna Industries, Ceat, Goodyear, JK Tyre, and MRF plunged by up to 4%. The fall in paint and tyre stocks is attributed to rising crude oil prices, as ...

Oil prices could roar past $200 a barrel if escalating tensions in the Middle East decimate Iran's crude output, a chief commodities analyst told CNBC. SEB's Bjarne Schieldrop noted that that Iran ...

HOUSTON :Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows. Brent crude futures settled up $3.72, or 5.03 per ...

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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 ...

Stock Market Today: Shares of oil & gas producers, paint and tyre companies were in focus on Thursday, 3 October, following a sharp rise in crude oil prices. Brent crude prices rose significantly ...