This is the third straight year of declining gas prices, and it's the lowest cost of gas (averaging $3.65 a gallon in the ...

The physical volume of oil exports by OPEC countries in 2024 decreased by 3.55% to 19.01 mln barrels per day. OPEC's share of global oil deliveries was 43.96% last year, which is slightly lower than ...

Wednesday closed up +2.00 (+3.06%), and August RBOB gasoline (RBQ25) closed up +2.26 (+1.08%). Crude oil and gasoline prices ...

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

Washington's oil market hubris risks repeating the mistakes of the past — and threatens national security as well.

This article emphasizes the critical importance of routinely revalidating relief and flare system designs, much like the ...

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri yesterday said the Federal Government has ...

Crude oil prices held steady as traders balanced expectations of rising OPEC+ supply with a surprise U.S. inventory build.

Saudi Arabia, OPEC’s top oil producer, earned $179 billion in 2024, making up about a third of the group’s total revenue..

Price have been kept in check by expectations that the Organization of the Petroleum Exporting Countries and its allies including Russia, know as OPEC+, will boost its August crude oil output by an ...

Gas prices are expected to average between $3.10 and $3.15 per gallon nationally this Fourth of July, according to GasBuddy, ...

Bearish oil traders foresee a world soon to be awash in crude, but it might be a lot harder to oversupply the market than widely thought, thanks to one overlooked factor - at least according to one ...