While Gov. Newsom touted the state’s environmental efforts at the UN climate summit, toxic spills and a new law speeding ...

The total number of active drilling rigs for oil and gas in the United States fell by 1 this week, according to new data that ...

Oil prices closed lower on Friday, marking a 4% weekly decline as a supply glut and a potential Russia-Ukraine peace deal ...

In the US, 548 rigs were working, down 1 unit from the prior week. With 192 rigs running in Canada, 1 additional rig was ...

Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in U.S. gasoline and ...

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

Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how ...

It's been three-and-a-half years since the retail price of a gallon of gasoline topped $5 and the price of a 42-gallon barrel ...

Oil prices were little changed on Friday, and were on track for a weekly decline as investors focused on a supply glut and a ...

Oil prices inched lower on Friday and were on track for a weekly decline as investors focussed on a supply glut and potential ...

Oil prices eased on Thursday as investors shifted focus back to Russia-Ukraine peace talks and monitored potential fallout ...

The US government is backing Iraq's plan to transfer Lukoil's stake in a giant oil field to an American company, days before ...