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).

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 ...

The oil painting was created by the celebrated English painter, Royal Academician and politician Nathanial Dance (1735-1811). It is being sold by a US private collector. The Benyon family ...

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 ...

During this week's episode of Fake or Fortune? on BBC, a painting bought at auction for just over £2,000 has been estimated to be worth around £300,000. The artwork was found to be a piece by ...

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 ...

Video footage shows the moment Yemen’s Houthi rebels launched an explosive-laden drone boat into a British oil tanker in the Red Sea. Footage released by the Houthi group shows a massive ...

The fall in paint and tyre stocks is attributed to rising crude oil prices, as both sectors heavily depend on petroleum-based raw materials. Shares of paint and tyre companies tumbled up to 6% in ...

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 ...

Copyright 2024 The Associated Press. All Rights Reserved. A painting is seen at a restoration laboratory in Milan, Italy, Thursday, Oct. 3, 2024. An Italian family ...