Due to sanctions and falling oil prices, the Russian economy has begun a gradual transition from stagnation to recession.

A deep dive into how a potential global economic slowdown could influence oil prices through reduced demand, OPEC+ responses, ...

Oil prices rose more than 1% on Friday, poised for a weekly gain as trade tensions between top oil consumers China and the ...

Oil prices were up slightly on Friday, after rising about 3% in the previous session, as trade tensions between top oil ...

Plummeting crude prices could shave 10% off U.S. rig count in first half, Diamondback says. Its CEO says it's slowing as it sees a "red light" ahead..

Oil prices were little changed early on Friday after rising more than 3% in the previous session, as trade tension between ...

Analysts expect oil prices to remain subdued short term, with a slow recovery later in 2025 as U.S. output declines.

The NYMEX June RBOB was up by 6.05cts to $2.088/gal and the July RBOB contract was 5.6cts higher at $2.0575/gal. The NYMEX June ULSD was 5.95cts higher at $2.0360/gal and July ULSD was up by 5.2cts to ...

The U.S. Energy Information Administration cut its average Brent oil spot price forecast for 2025 and 2026 in its latest ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...

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

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...