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

Despite Trump’s push for increased oil production, U.S. energy companies remain cautious, waiting for higher prices.

U.S. crude oil production fell by 122,000 barrels per day in November to 13.314 million bpd, down from a monthly record high ...

The U.S. Energy Information Administration says in 2022, about 99.9% of total annual natural gas imports into the U.S. were ...

Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on ...

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

Russia pumped 2.8% lower volumes of crude oil and condensate in 2024 from a year earlier, while its natural gas production ...

One chart shows why US gas prices could spike under Trump's tariff plans.

Oil prices inched up on Friday but were still on track to record a third consecutive weekly loss, as prospects of a renewed ...

CNOOC Ltd. started production at the Bozhong 26-6 Oilfield Development Project (Phase I) in central Bohai Bay in about 20 m of water.

The average price Sunday in Michigan was still 3 cents more than the same time last month, and 12 cents more than a year ago.

China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the ...