Crude oil prices plummet as global demand concerns weigh on the market, and Netanyahu told U.S. that he was willing to strike military rather than oil or nuclear facilities in Iran.
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).
Despite last week’s crude oil price spiral, the situation seems to be stabilising with analysts expecting the market to cool off in the coming days. Tensions between Israel and Iran led to a 13 ...