Kuwait's Oil Minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U ...

At least three vessels that oil major Chevron had used to transport Venezuelan crude to the U.S. were navigating toward the ...

On paper, the world's largest group of oil-producing countries should be pumping an extra 2.5 million barrels of oil a day in ...

Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand ...

OPEC members move to raise production by 547,000 per day, finalizing the reversal of a 2.2 million-barrel cut. Energy Aspects ...

A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...

OPEC+ members have agreed to a second consecutive production increase this year, effectively ending voluntary cuts on ...

After months of work on a cease-fire and hostage release deal in Gaza that has appeared to reach an impasse, U.S. and Israeli ...

U.S. light crude oil prices fell more than $1 a barrel in early trade in New York on a possible increase in production by ...

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

Kuwait expects oil prices to stay below $72 per barrel, monitoring global market dynamics and statements from the U.S.

Oil-focused ETFs came under pressure this week after OPEC+ announced plans to boost production starting in September, raising ...