Oil prices edged up on Tuesday as market participants waited for the outcome of U.S.-China talks that could pave the way for ...

OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to ...

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts. The aggregate ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

"Michigan drivers are seeing lower prices at the pump, with some metro areas seeing averages below $3 a gallon," Adrienne ...

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

TXOGA released a report saying Texas accounted for 42.2% of total U.S. crude oil production and 29.2% of the U.S. marketed ...

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.

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

In its 65 years of existence OPEC has navigated many crises, from Gulf wars and America’s shale boom to a pandemic-era oil ...

CALGARY - More than 30,000 people from 100 countries are expected to descend on the white-collar heart of Canada's oilpatch ...