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

Good afternoon and happy Friday, readers! We have officially entered August – hard to believe how fast this summer is flying by. If you haven’t had a chance to visit a National Park yet this season, ...

Four astronauts launch to the space station after being sidelined by Boeing's Starliner trouble and other issues.

September WTI crude oil (CLU25) on Friday closed down -1.93 (-2.79%), and September RBOB gasoline (RBU25) closed down -0.0553 ...

Crude Oil is under pressure heading into the weekend, with the price sliding over 3% on Friday to trade near $66.70, pulling ...

Earnings watch - Notable companies due to report include Palantir Technologies ( PLTR ), MercadoLibre ( MELI ), Wayfair ( W ) ...

OPEC+ is inching toward a pivotal decision this weekend: whether to greenlight another 548,000 bpd in production hikes for ...

SUPPLY AND DEMAND: OPEC+ production increases are expected to continue into September, with the full extent of the 2.2 million barrels a day of voluntary production cuts returned to the market.

ULSD futures were down by nearly 10cts/gal, with the September contract tumbling 9.76cts to $2.2983/gal and October prices off by 9.61cts to $2.2947/gal. The front-month contract is off nearly ...

U.S. oil producer Chevron expects its exports of Venezuelan crude to the U.S. to resume this month, the company's chief ...

Hummer shared updated full-year 2025 guidance: "We are modestly increasing our expectation for annual revenue to $168 million to $176 million in 2025," with combined revenue guidance, including ...

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 ...