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

New data from Baker Hughes reveals a slight rise in the total US oil and gas rig count, even as weekly crude oil production ...

Despite favorable policies from the Trump administration, weak oil prices around $60 per barrel are causing U.S. shale ...

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

December WTI crude oil (CLZ25) today is down -0.33 (-0.55%), and December RBOB gasoline (RBZ25) is up +0.0290 (+1.52%). Crude ...

Crude prices cap off four straight daily gains with a cumulative weekly loss of nearly a dollar. Near-month NYMEX crude ends ...

The national average price for regular gas hasn’t dropped under $2 a gallon since May 2020, according to government data.

In today’s oversupplied oil market, the increases from the US could have global consequences. Macquarie Group Ltd., one of ...

The drilling giant saw revenue in the US fall by about 2% year over year to roughly $250 million in the third quarter, while ...

U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker ...