Due to the nature of fracking, costs are higher than regular oil extraction. With falling oil prices dipping below the highs, can fracking survive? Traditionally, oil is extracted from natural ...
7. In separate advisories on Monday, PetroGazz, Shell Pilipinas, Seaoil, Cleanfuel, and Caltex said that the prices per liter of gasoline and kerosene would also go up by P1. Rodela Romero ...
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 ...