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

The U.S. Energy Information Administration this week issued a troubling outlook for West Texas Intermediate in its August Short-Term Energy Outlook. The agency’s forecast calls for WTI to be below $60 ...

State refiner Indian Oil Corp (IOC) has bought two million barrels of US West Texas Intermediate crude for October delivery, ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.20 during the early Asian trading hours on Friday. The WTI edges higher as traders remain cautious ahead of a crucial ...

Enterprise Products Partners said on Friday the Seaway crude oil pipeline system had resumed full operations after a leak from the company's oil terminal in southeast Houston earlier this week.

Vietnam's Binh Son Refining and Petrochemical (BSR) has bought one million barrels of U.S. West Texas Intermediate crude for November delivery, the country's first U.S. oil purchase in 2025, sources ...

Major U.S. stock indices rose Wednesday, while West Texas Intermediate crude oil fell to $62.75 per barrel. The Dow Jones Industrial Average gained 463 points, or 1.04 percent, closing at 44,922 ...

Oil prices remained steady on Monday after a significant drop last week, as investors anticipate crucial talks between the US ...

In the global markets, Brent crude increased by four cents to USD 66.63 pb, while West Texas Intermediate also rose by eight ...

The price of Kuwaiti oil fell by US$1.10 to US$68.68 per barrel (pb) on Wednesday, down from Tuesday’s US$69.78, according to the Kuwait Petroleum Corporation (KPC).Brent crude futures declined 49 ...

The first full week of August was another week with just small price changes at the gas pumps around the U.S., Oregon and the ...

BOISE, Idaho (KMVT/KSVT) — Twin Falls’ average gas price is $3.55, which is four cents more per gallon compared to last week, ...