Iran has in the past threatened to disrupt shipping through the Strait of Hormuz if it is attacked. The Strait is the exit ...

Why is Saudi Arabia pumping more oil into an already-full market? Riyadh looks fed up with propping up the oil price and ...

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

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...

OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to ...

Israel’s unprecedented attack on Iran raises the specter of sharply higher gasoline prices, just as the summer driving season ...

The oil purchasing market keeps a special eye on the Strait of Hormuz as around a fifth of the world's total oil consumption ...

Brazil joined OPEC+ and this signaled its efforts to be one of the key players in the energy sector. As the eighth biggest ...

OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate ...

As for the other main ratings agencies, in late May, S&P Global Ratings said it expects U.S. oil and gas producers to reduce ...

U.S. shale is more vulnerable than in past price wars, needing $65+ WTI to stay profitable amid rising costs and geological ...