U.S. shale oil producers face their most serious crisis since the pandemic, as the oil price selloff triggered in part by President Trump's trade war has pushed some to the brink of failure.

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

Energy Secretary Chris Wright remains optimistic about the oil market despite the uncertainty fueled by tariffs and OPEC+ ...

Amid a battle about a plan for oil and gas drilling in Northwest Florida, a Senate committee approved a bill on Thursday that ...

Oil producers across the country say they are thinking twice about taking on new drilling projects and looking to cut costs ...

New rules must cover all oil and gas fields which have licences but where drilling has not started yet, including Rosebank and Cambo. We can use the consultation process to end all new oil and gas ...