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

Brent oil futures prices jumped on Thursday, hitting a four-month high on rising concerns of the potential ‍impact a possible ...

Oil prices edged up on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.

Billionaire oil magnate Harold Hamm has ceased drilling operations in North Dakota's Bakken shale, citing low margins as oil prices remain near the $50 per barrel range and costs increase.

Vrude oil prices have risen to $68 per barrel, the highest since September 2025. Global crude oil prices climbed sharply on ...

Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd-the fastest pace since 2020-as ...

U.S. shale production could fall by as much as 400,000 barrels of oil per day in 2026 if OPEC countries try to increase ...

By Scott DiSavino NEW YORK, Jan 29 (Reuters) - Oil prices climbed about 3% to a five-month high on Thursday on rising ...

Let’s be honest: The oil market has always been wrong about long-term prices. Unsurprisingly, it’s currently wrong in anticipating that a barrel of crude will cost around $60 by 2030, close to current ...

President Trump has reportedly homed in on $50 a barrel as the price he'd like to see US oil prices trend toward, alleviating energy costs for US households. The problem for the US oil industry? That ...

The Narwhal examines how U.S. actions in Venezuela could impact Canada's oil market, highlighting concerns over pricing and production dynamics.