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 ...

Papua New Guinea is the only country in the world where rugby league is considered to be the national sport. Nearly 14,000 miles away in the game's British heartland, two of its most famous sons ...

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 ...

Papua New Guinea has stood up a new digital ID, wallet and online government platform, and plans to pilot them with 10,000 users, starting in the next few weeks, according to an announcement on ...

The rule at issue in this case was finalized in December and takes direct aim at the oil and gas industry, which the EPA said is the "largest industrial source of methane pollution" in the country.

China has strategic reserves and alternatives like electric cars, should oil imports ever be interrupted. By Keith Bradsher Reporting from Beijing Iran’s oil infrastructure has been pushed to ...

1, 2024, in New York. (AP Photo/Peter Morgan, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] NEW YORK (AP) — Crude prices jumped Thursday on worries that worsening tensions ...

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 ...