After years of cracking down on California’s oil industry, Gov. Gavin Newsom and legislative Democrats are moving to get Kern County wells pumping again to avoid soaring gasoline prices.

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

A short-term embrace of fossil fuels may be necessary to stave off gasoline shortages, Newsom’s administration says.

A Russia-Ukraine peace accord would lower fuel prices, but any stalemate or escalation is a boon for the oil industry.

Ukraine has been striking Russia’s oil industry daily in August. Ukrainian long-range drones are hitting refineries and ...

Some 200 climate activists including Greta Thunberg of Sweden blocked Norway’s largest oil refinery on Monday in a protest ...

In contrast to North Dakota, at least seven oil-and-gas-producing states have taken either legislative or judicial action to ...

The US oil industry is often compared to being on a treadmill: you run fast just to stay still. Because shale wells quickly ...

Oil prices slipped on Wednesday as investors perceived the risk of an industry glut. West Texas Intermediate ( CL=F) futures fell as much as 1.6% to hover above $62 per barrel. Brent crude ( BZ=F ), ...

Norwegian oil and gas investments are expected to peak this year, and start declining next year as major projects are ...

Beijing announced 75.8-per-cent duties on Canadian canola seed Tuesday, an escalation of the 100-per-cent tariffs imposed on ...