ADNOC has restored most of the Murban crude supply to its partners after July cuts, while planning lower export volumes from ...

Oil prices fell as major OPEC+ producers were expected to soon announce another large output hike and amid uncertainty that tariffs could be reinstated on some U.S. trading partners if deals weren’t ...

Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised questions about demand ahead ...

The management of Najaf Refinery announced on Thursday that it is planning to increase the production capacity by 70,000 ...

Oil prices pulled back during Asian trading on Thursday, giving up some of the strong gains recorded in the previous session ...

Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

This is the third straight year of declining gas prices, and it's the lowest cost of gas (averaging $3.65 a gallon in the ...

The physical volume of oil exports by OPEC countries in 2024 decreased by 3.55% to 19.01 mln barrels per day. OPEC's share of global oil deliveries was 43.96% last year, which is slightly lower than ...

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

Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday, as firms grappled with a jump ...

Washington's oil market hubris risks repeating the mistakes of the past — and threatens national security as well.

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri yesterday said the Federal Government has ...