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

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

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

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 weakness in oil prices will prompt a pullback in drilling activity in the US, ING's commodity expert Warren Patterson ...

Oil prices fell over 1% lower on Friday and recorded for their biggest weekly losses since the end of March, as traders ...