Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for European and Asian refiners ...

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

OPEC+ production gains pressure U.S. crude exports, weakening light sweet oil demand and adding bearish weight to the current ...

Events in eastern Europe weren’t the only factor driving oil prices higher. OPEC+ agreed to hike production by 411,000 ...

Big moves, if not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. The cartel, ...

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

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

Crude oil futures turned lower in a volatile session Wednesday, as a Bloomberg report said Saudi Arabia is open to additional significant OPEC+ production hikes after July in a bid for market share.

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

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued ...

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