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

Oil prices edged up on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.

Billionaire oil magnate Harold Hamm has ceased drilling operations in North Dakota's Bakken shale, citing low margins as oil prices remain near the $50 per barrel range and costs increase.

A survey compiled by The Wall Street Journal--including projections from Goldman Sachs, JPMorgan and Morgan Stanley--showed Brent crude is expected to average $61.33 a barrel, while West Texas ...

By Anushree Mukherjee and Jeslyn Lerh SINGAPORE, Jan 13 (Reuters) - Oil prices extended gains on Tuesday as heightened concerns surrounding Iran and potential supply disruptions outweighed the ...

Oil prices climbed Tuesday, with U.S. benchmark prices settling back above $60 a barrel for the first time in nearly a week, ...

Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd-the fastest pace since 2020-as ...

Vrude oil prices have risen to $68 per barrel, the highest since September 2025. Global crude oil prices climbed sharply on ...

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

Investors don't need to worry about this oil major's sterling dividend track record or its future.

By Sam Li and Trixie Yap SINGAPORE, Jan 29 (Reuters) - Oil prices rose 1.5% on Thursday, extending gains for a third day, on ...

"But while crude oil price increased by 6.2 per cent, the local retail price increased by 14.3 per cent, indicating that local oil companies more than doubled the rate of increases in their main input ...