On January, 7, 2025, the Federal Trade Commission (FTC) announced that crude oil producers XCL Resources Holdings, LLC (XCL), ...

Why is Houston, Texas called the energy capital of the world? The oil industry started partly because of oil gushing at Spindletop in Beaumont 124 years ago.

Oil rose to $80 per barrel, the highest level since October, as the US announced new sanctions against Russia.

Find insight on oil and gas prices, Dialog Group and more in the latest Market Talks covering Energy and Utilities.

Crude oil futures rose about $2 around midday Friday as the possibility of more U.S. sanctions against Russian petroleum products triggered global supply worries. Diesel contracts also jumped as below ...

The crude oil market has launched higher on Friday as the jobs number in the United States shows just how hot the US economy is running. At this point in time, the markets are pulling back a little ...

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

Oil futures rose sharply Friday, trading at their highest since October with support tied to cold weather in the U.S. and supply concerns.

Last year was a record year for the Texas oil and natural gas industry, which broke its previous records for production, ...

Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply ...

Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply ...

Energy (NYSEARCA:XLE) tops the S&P 500's 11 stock sectors in the early days of 2025, shaking off two straight years when it lagged the market, with the S&P 500 Energy Index gaining 2.2% YTD and ...