Adding to the bullish tone, a broadly weaker US Dollar is helping to lift commodity prices across the board. A softer ...

West Texas Intermediate (WTI) Oil price remains steady after registering more than 3.50% gains, trading around $62.50 during ...

An estimated 350,000 b/d of Canadian oil production has been shut in by wildfires in Alberta near the province's border with Saskatchewan. According to local press reports, Cenovus Energy, MEG Energy ...

Texas oil and gas drilling permits hit a three-year low as operators cut spending and drilling plans in response to falling ...

Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock ...

The Dangote Petrochemical Refinery will receive at least five million barrels of imported crude oil within the four weeks of ...

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

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...

Goldman Sachs views the OPEC+ decision as a long-term equilibrium strategy aimed at maintaining internal cohesion and ...

Oil futures climbed Wednesday, with U.S. benchmark July West Texas Intermediate crude settling at $61.84 a barrel — its highest level since May 20. Prices got a boost from a [report that the U.S. has ...

Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June, raising concerns about a potential oversupply at a time when ...

KUWAIT, 3rd June, 2025 (WAM) -- Kuwait crude oil gained 95 cents during Monday's trading to reach US$64.56 per barrel (pb) compared with $63.61 pb last Friday, Kuwait Petroleum Corporation (KPC) said ...