U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy ...

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

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

Oil is cheaper than it has been since early 2021, when the price of a barrel of crude was still recovering from its pandemic ...

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

Diamondback Energy warns U.S. oil production may decline as drilling activity and rig counts drop in the Permian Basin.

At less than $60 a barrel, many US shale producers will struggle to turn a profit, especially in some of the country’s ageing ...

Outgoing CEO Travis Stice said Diamondback will need WTI’s price to climb back to nearly $70/bbl before it recommits capital ...

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely ...

The recent weekslong dip in prices for crude oil is not "rooted in strong fundamentals" of the market, North Dakota's top oil ...