U.S. oil companies slash 2025 capital spending and adjust production plans as falling oil prices and market uncertainty ...

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

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.

The West Texas Intermediate for June delivery increased 1.11 U.S. dollars, or 1.85 percent, to settle at 61.02 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery went ...

KUWAIT, May 8 (KUNA) -- Kuwait crude oil rose USD 1.97 during Wednesday's trading to reach USD 64.05 per barrel compared with ...

U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng on May 10. Also on Friday, President Trump indicated he'd be in favor of an 80% tariff on Chinese goods. While still ...

The price of Kuwaiti crude oil fell by US$1.48 during Thursday’s trading, settling at US$62.57 per barrel, compared to US$64.05 the previous day, Kuwait Petroleum Corporation announced on ...

CALGARY - Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it's been ...

Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and ...

The prices of the Brent crude and West Texas Intermediate were down each by USD 1.06 and USD 1.16 to settle both at USD 60.23 ...

West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $56.13 per barrel, down ...