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

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

Global oil prices rallied hard on Monday, lifting U.S. crude to the highest levels in two weeks, as investors shrugged off a ...

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

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

Oil exporting group Opec+ has announced a further unwinding of production cuts, but the impact on tanker demand may be more ...

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

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

Haitham al-Ghais is set to deliver remarks on Tuesday, as recent output increases from group members and other producers have ...

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in ...

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