Oil prices rocketed more than three per cent Monday after China and the United States agreed to suspend sweeping mutual ...

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

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

KUWAIT, May 8 (KUNA) -- Kuwait crude oil rose USD 1.97 during Wednesday's trading to reach USD 64.05 per barrel compared with ...

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 ...

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

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 ...

A steep drop in oil prices in the first months of the year has undermined any plans for oil companies to “drill, baby, drill.

U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng on May 10. Also on Friday, President Trump indicated he'd be in favor of an 80% tariff on Chinese goods. While still ...

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.