Texas oil and gas drilling permits hit a three-year low as operators cut spending and drilling plans in response to falling ...

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.41 per barrel, down ...

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $62.64 per barrel, ...

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

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...

US crude futures fell on Friday as traders expected Opec+ would decide on Saturday to boost oil output for July beyond previous forecasts.

Oil futures climbed Wednesday, with U.S. benchmark July West Texas Intermediate crude settling at $61.84 a barrel — its highest level since May 20. Prices got a boost from a [report that the U.S. has ...

The West Texas Intermediate for July delivery lost 15 cents, or 0.25 percent, to settle at 60.79 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery dropped 25 ...

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

The price of Brent crude and West Texas Intermediate globally went down by 16 and 13 cents, reaching respectively USD 65.38 ...

Goldman Sachs views the OPEC+ decision as a long-term equilibrium strategy aimed at maintaining internal cohesion and ...

The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook. Image by Techa Tungateja via ...