The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

SINGORE -Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers ...

The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...

ADNOC has restored most of the Murban crude supply to its partners after July cuts, while planning lower export volumes from ...

WTI crude oil (CLQ25) today are down -0.69 (-1.02%), and August RBOB gasoline (RBQ25) is down -0.0146 (-0.69%). Oil prices ...

Stock markets rose and the dollar held steady Thursday as strong jobs data showed the resilience of the US economy. "The much ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

Amid ongoing tensions in the Middle East between Israel and Iran, a commodities expert says he expects oil prices to remain ...

India has voiced concerns to U.S. lawmakers over a proposed 500% tariff on goods from countries purchasing Russian oil, ...

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.

The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in ...