Analysts expect oil prices to remain subdued short term, with a slow recovery later in 2025 as U.S. output declines.

Plummeting crude prices could shave 10% off U.S. rig count in first half, Diamondback says. Its CEO says it's slowing as it sees a "red light" ahead..

Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, ...

The NYMEX June RBOB was up by 6.05cts to $2.088/gal and the July RBOB contract was 5.6cts higher at $2.0575/gal. The NYMEX June ULSD was 5.95cts higher at $2.0360/gal and July ULSD was up by 5.2cts to ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...

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

Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic ...

Joe economic analyst Steve Rattner disassembled many of President Donald Trump’s claims on his economy, namely that grocery prices exploded under Biden, the nation is now drilling more oil than ever ...

Operator: Good morning, ladies and gentlemen, and welcome to Ardmore Shipping’s First Quarter 2025 Earnings Conference Call.

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...

Muhammad bin Salman, the crown prince and de facto ruler, often known as MBS, has been trying for a decade to ease Saudi ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...