The last oil price war has indebted, but not reduced U.S. shale production, while costing OPEC members $450 billion in lost ...

Russia's oil production is expected to be slightly lower in 2024 compared to 2023, as the country adjusts for previous overproduction according to OPEC+ agreements, while oil processing levels are ...

Kazakhstan's energy minister will stand down from his role, the country's presidential office said on Tuesday, as the government struggles to convince U.S. and European oil companies to lower ...

There are growing concerns over the ability of the federal government to fully implement Nigeria's almost N55 trillion budget for 2025 as the deficit in the country's crude oil production benchmark of ...

The company does not plan to reduce oil refining in 2025 after a record refining volume in 2024, Alexander Dyukov, the CEO, added ...

Oil prices held near a two-week high on Tuesday as instability in the Middle East increased the risk of supply disruptions, while China's plans for more economic ...

Morning Brief Anchors Brad Smith and Madison Mills explain why in the video above. To watch more expert insights and analysis ...

Trump’s rapid-fire policy changes have created an atmosphere of uncertainty across financial markets. Crude oil, like other ...

HOUSTON - Oil prices edged higher on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping while Chinese economic data ...

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

Brent crude traded near $71 a barrel after rising by 1.7% over the past two sessions, with West Texas Intermediate above $67.