In addition, the U.S. announced a trade deal with the United Kingdom, fueling optimism over trade deals and tariffs. Shares of Buffett holding Occidental Petroleum ( OXY 6.22%) rallied 6.2% in ...

First Quarter 2025 Key Highlights (vs. Year-Ago Quarter) 1,2 Net loss for the quarter was $12.7 million compared to a net loss of $0.6 million. Adjusted EBITDA for the quarter was $30.9 million ...

The South African government petroleum agency has refused to provide details of its controversial oil and gas exploration project slap-bang in the middle of the world’s largest animal migration path.

The Office of the National Security Adviser, the Nigeria National Petroleum Corporation Limited, NNPCL and other critical stakeholders in the oil and gas industry have hailed the Pipeline ...

Venezuela-owned refiner Citgo Petroleum registered an $82 million net loss in the first quarter, compared to a net income of ...

The President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Thursday paid a courtesy visit to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr ...

Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in ...

The NYMEX June RBOB was up by 6.05cts to $2.088/gal and the July RBOB contract was 5.6cts higher at $2.0575/gal. The NYMEX June ULSD was 5.95cts higher at $2.0360/gal and July ULSD was up by 5.2cts to ...

Marathon Petroleum on Thursday reported flaring at its 365,000-barrel-per-day (bpd) refinery in Carson, California, according ...

Industry officials see carbon capture as a way to keep Louisiana's petrochemical sector relevant as much of the rest of the ...

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

The road’s ability to grip the tires, known as skid resistance, keeps vehicles from skidding or hydroplaning during wet conditions. Skid resistance is typically quantified by measuring a coefficient ...