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

The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook.

Falling crude prices will eventually translate into lower prices at the gas pump for consumers, but that doesn’t mean it’s all good news ― especially for Texas-based oil producers. On Monday, global ...

Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and ...

The West Texas Intermediate for June delivery increased 1.11 U.S. dollars, or 1.85 percent, to settle at 61.02 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery went ...

West Texas Intermediate crude is projected to average $64.60 a barrel this year, according to a survey compiled by The Wall ...

CALGARY - Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it's been ...

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

The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI), while the most important in Asia is Dubai Fateh. Other reference oil types include ...

Oil-linked ETFs not only provide insight into sentiment across energy sector but also face volatility. USO tracks commodity, ...

District officials said the new school, which is scheduled to open in August, is TISD’s fourth intermediate school and will serve fifth- and sixth-graders.