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

The market is already seeing the results of the previous OPEC+ increases with Saudi Arabia, the world's biggest oil exporter, ...

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 ...

The organization’s decisions often garner headlines because, in our experience, many see OPEC+ as the primary determiner of ...

Oil prices were slightly higher on Tuesday as investors assessed expectations that OPEC+ will announce an output hike for ...

(Reuters) - Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an ...

Introduction Today’s column has two main goals. First, to generate some additional insightful commentary and guidance on the notion of ring-fencing as a ...

Four delegates from OPEC+ said that the world's largest oil producer group, OPEC+ is planning to announce a production increase of ...

Tom Yeung here with today’s Smart Money. If you blinked this week, you may have missed a lot. After President Donald Trump ...

Early panic pushed crude oil past $81, but prices have since fallen as traders bet the Strait of Hormuz will stay open.

The fears centre around the possibility of supply routes being interdicted and hence, supply being disrupted, rather than ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...