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

The prices of the Brent crude and West Texas Intermediate were down each by USD 1.06 and USD 1.16 to settle both at USD 60.23 ...

West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $56.13 per barrel, down ...

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

West Texas Intermediate crude is projected to average $64.60 a barrel this year, according to a survey compiled by The Wall Street Journal. That's down about 3.76 a barrel from the March survey.

Economics, not politics, has enabled President Ferdinand R. Marcos Jr. to finally fulfill his campaign promise of P20 per kilo of rice at retail, for the masses.

Oil prices fell over 1% lower on Friday and recorded for their biggest weekly losses since the end of March, as traders turned cautious ahead of an Opec+ meeting to decide the group's output policy ...

Crude oil futures fell sharply in Sunday evening trading and while prices were more than $1 above those lows at midday Monday, contracts have struggled to attract much buying. OPEC+ members on ...

For India, which relies on imported crude oil for over 80% of its needs, further increase in oil supply and a resultant fall ...

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The firm’s cost advantage is underpinned by a long runway of drilling opportunities in low-cost areas. It operates exclusively in the Permian Basin, which is the cheapest source of crude oil in the US ...

Goldman Sachs has cut its oil-price forecasts following a decision by OPEC+ to boost production by 411,000 barrels per day starting in June, the second-straight monthly increase for the cartel. Goldma ...