In its latest short term energy outlook (STEO), which was released on April 10, the U.S. Energy Information Administration (EIA) cut its West Texas Intermediate (WTI) oil price forecast for 2025 ...

Oil prices rebounded after the president delayed widespread tariffs, but the industry and analysts are uncertain about what's ...

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

The West Texas Intermediate oil price dipped to $55.12 US per barrel early Wednesday, leaving analysts to speculate on what's around the corner at a time of mass economic instability. And while ...

Oil prices experienced a significant drop, with West Texas Intermediate crude momentarily falling below $60 per barrel. President Trump's recent tariff announcements have sparked fears of a global ...

NEW YORK: Brent and West Texas Intermediate crude climbed more than US$1 on Friday after US Energy Secretary Chris Wright said the United States could end Iran's oil exports as part of an effort ...

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

Oil prices are already reflecting those expectations. The price for West Texas Intermediate crude was $77.88 a barrel when Trump took office. Since then, it has steadily declined until bottoming ...

The OPEC+ alliance is set to boost production by 411,000 barrels per day in May. West Texas Intermediate (WTI) Oil continues to decline for the second consecutive day, trading near $57.70 during ...

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on Friday's modest gains and attract fresh sellers near the $61.60 area at the start of a new week. The commodity currently ...

Fears of a tariff-driven recession has led to a steep drop in the price of crude oil, walloping Canadian energy stocks and ...

The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) ...