Renewables are expensive to build but cost very little to maintain, or what is technically known as a high cap-ex to low op-ex business. Construction requires a loan up front, and the higher the ...
Copyright 2024 The Associated Press. All Rights Reserved. FILE - An array of pumpjacks operate near the site of a new oil and gas well being drilled April 8, 2022 in ...
The oil price has dropped steeply as tensions in the Middle East appeared to ease. For the first time since the very start of the month, the cost of a barrel of the benchmark oil Brent crude is ...
Hong Kong, China — Oil prices tumbled Monday with markets relieved that Israel’s strikes on Iran had avoided the country’s energy infrastructure while the yen fell to a three-month low after ...
Oil plunged more than 6%. their biggest daily drop in more than two years after an expected Israeli retaliatory strike against Iran over the weekend spared the country’s petroleum infrastructure ...
SINGAPORE/LONDON, Oct 27 (Reuters) - Oil prices are expected to fall when trading resumes on Monday as Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear ...
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 fall in global oil prices from over $100 a barrel to around $50 a barrel—and similar moves in the price of natural gas—have reduced the export proceeds of the world’s main oil-exporting ...
Oil futures dropped sharply on Friday, with both Brent and West Texas Intermediate (WTI) crude posting weekly declines exceeding 7%. The fall in prices comes amid concerns over weakening demand ...
(Bloomberg) -- A week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than $5 a barrel since. The decline was largely driven by indications ...