Even if Saudi Arabia and select OPEC countries step in to fill the supply gap, it will take time, adding to short-term price ...

Brent crude oil prices are projected to reach USD 80 per barrel due to US-Russia tensions threatening global oil supply.

HOUSTON -Oil prices fell more than $2 a barrel on Friday morning on jitters about a possible increase in production by OPEC and its allies, while weaker-than-expected U.S. jobs report fed worries ...

Crude oil futures fell for a second straight session, ahead of a likely increase in production by OPEC+, while a weaker than ...

Oil prices dip as OPEC supply increases and a weak U.S. jobs report spark market concerns, while natural gas futures also ...

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

Four astronauts launch to the space station after being sidelined by Boeing's Starliner trouble and other issues.

September WTI crude oil (CLU25) on Friday closed down -1.93 (-2.79%), and September RBOB gasoline (RBU25) closed down -0.0553 ...

ULSD futures were down by nearly 10cts/gal, with the September contract tumbling 9.76cts to $2.2983/gal and October prices off by 9.61cts to $2.2947/gal. The front-month contract is off nearly ...

Eight OPEC+ members will likely approve another oil output hike on Sunday, sources said, with the group still debating the ...

U.S. light crude oil prices fell more than $1 a barrel in early trade in New York on a possible increase in production by ...

China's major solar firms have reduced their workforce by nearly one-third due to price wars, overcapacity, and decreasing demand. The solar industry, originally aimed at boosting economic growth, ...