It appears that the oil prices are currently lower than the levels most oil-producing countries need to balance their annual ...

Wells Fargo analysts said in a note Thursday that the recent decision by OPEC+ to extend its production cuts through the end ...

Brent futures, which traded 12 cents, or 0.2 per cent, lower at $73.76 a barrel at 0658 GMT on Friday, rose 4.3 per cent this ...

Researchers documented wells releasing dangerous amounts of hydrogen sulfide gas in Caldwell County, within 50 miles of ...

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

Oil futures fell Friday but booked solid weekly gains, boosted by the Federal Reserve's decision to deliver a large interest-rate cut as well as a renewed rise in tensions in the Middle East after a ...

Peak Resources plans $86.25 million IPO, focusing on oil & gas in Powder River Basin. Read why PRB stock faces risks from ...

Energy stocks fell Friday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each decreasing about 0.2%. The Philadelphia Oil Service Sector index rose 0.1%, and ...

The total number of active drilling rigs for oil and gas in the United States fell slightly this week, according to new data that Baker Hughes published on Friday.

Libya’s oil exports have risen over the past week even though authorities in the east of the country haven’t lifted ...

Oil futures fell Friday but were on track for solid weekly gains, boosted by the Federal Reserve's decision to deliver a large interest-rate cut as well as a renewed rise in tensions in the Middle ...

From the remote deserts of the Middle East to unexplored offshore territories, this article dives into the opportunities and ...