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

Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to ...

Saudi Arabia’s oil exports soared in June as the kingdom tries to claw back market share from other members of the energy ...

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.

We expect ministers will continue the unwinding of the November 2023 tranche of cuts', analysts at Standard Chartered Bank ...

Amid supply disruption concerns, Middle Eastern oil producers might have looked at additional storage locations around the ...

Analysts say Iran avoids sanctions Posts the highest production increase US oil output is likely to decline Iran is likely to dodge US sanctions after adding the most barrels of oil in 2024 ...

The Organisation of Petroleum Exporting Countries (OPEC) is working to expand its Global oil market share and is set to announce another big increase of ...

The Organisation of Petroleum Exporting Countries (OPEC) pumped a total of oil and condensate of 2.15 million barrels a day ...

OPEC+ is preparing to discuss another large production increase at its upcoming meeting, as Saudi Arabia continues its strategy to regain market share, according to a report from Bloomberg.

Saudi Energy Minister Prince Abdulaziz bin Salman said Thursday that OPEC+ will base any future oil production decisions on ...

Saudi Arabia's oil exports climbed by 7% month-on-month (MoM) to nearly 6.17 million barrels per day (bpd) last April, the ...