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

Two local oil purchasers have increased the price they will pay for Penn grade crude oil. Effective Wednesday, American ...

This week’s drop in oil prices means cheaper gas on the horizon, but a potentially worrisome blow to the Texas economy.

Michigan gas prices dropped by 15 cents from a week ago, falling to $3.08 a gallon for regular unleaded, and some analysts ...

The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump price of Premium Motor Spirit (petrol) further down to about N800 per litre in ...

So, does Trump and his "drill, baby, drill" mantra deserve credit for lowering oil and gas prices? No, Zagorsky said. He said ...

April 14 (Reuters) - Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group.

The average price for a gallon of gas in the U.S. was $3.26 on April 3, up 10 cents from the previous week. Here's why.

"Pump prices will likely face upward pressure if gasoline stocks continue to decrease as oil prices increase." The most expensivegas price averages are in Benton Harbor ($3.28), Ann Arbor ($3.28 ...

But that's not necessarily good news for the American oil industry, which, faced with uncertainty over tariffs, is now struggling with depressed prices and higher drilling costs, undercutting ...