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 ...

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The discount on Western Canada Select (WCS ... having settled at $12.75 a barrel under the benchmark on Thursday. * Oil futures rose on Friday and settled with their biggest weekly gains in over a ...

The discount on Western Canada Select (WCS ... one Calgary-based broker said. * Global oil prices surged as concerns mounted that a widening regional conflict in the Middle East could disrupt ...

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 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Libya said it would resume full oil production from Thursday in a move that should return about 700,000 ...

The discount on Western Canada Select (WCS ... refinery on Oct. 7. * Global oil prices edged up on worries that the escalating conflict in the Middle East could threaten oil supplies from the world’s ...

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 ...

1545 GMT – Oil price gains eased in late afternoon trade in Europe after a meeting of top OPEC+ ministers kept policy unchanged—including a plan to start raising output in December—bringing ...

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