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 ...

Good afternoon, and happy Friday, readers! In today’s Daily on Energy, Callie and Maydeen continue to cover the destructive fires burning throughout Los Angeles County. Our hearts go out to those who ...

The number of oil rigs in the US fell by two during the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil moved down to 480 rigs from 482 ...

Why is Houston, Texas called the energy capital of the world? The oil industry started partly because of oil gushing at ...

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

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, ...