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

The International Energy Agency reduced its forecast for global oil demand growth this year by ... The price of West Texas Intermediate is hovering around $60 per barrel, which is not low enough ...

1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton ... production to be 45 per cent. Because the crude oil industry has developed hardly at all in recent years due to a lack of ...

Average national prices for a gallon of gasoline at the pump on Monday fell for the first time in a month, according to ...

The US Energy Information Administration (EIA) has forecasted WTI price to average $63.88 per barrel for 2025 before dropping to an average of $57.48 next year. Such a sharp decline in prices ...

With the 15% drop in oil prices this month, consumers will be enjoying lower gasoline and diesel prices. Still, ...

Oil price recovery remains fragile ... dropping to less than $55 per barrel last week versus $69.70 per barrel set in Russia’s budget for this year. Oil and gas revenues account for some 30% ...

The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel ... rise by only 300,000 barrels per day (bpd) between the end of last year and the end of 2025.

JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand. The bank cut its 2025 Brent price forecast to $66 per barrel from ...

We recently published a list of the 10 Best Oil Stocks to Invest in According to Billionaires. In this article, we are going to take a look at where ConocoPhillips (NYSE:COP) stands against other ...