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

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

A narrow passage of water called the Strait of Hormuz is the primary route for Middle Eastern countries shipping oil and petroleum products from the Persian Gulf to the rest of the world. Iran has ...

The WSJ Dollar Index is down 0.23 point or 0.25% today to 95.35 –Largest one-day point and percentage decline since Thursday, June 12, 2025 —Snaps a two-trading-day winning streak –Off 9.32% from its ...

The price of crude oil plunged Monday afternoon, following Iran's retaliatory attacks targeting a U.S. military base in Qatar ...

Well-supplied markets and weakening demand for crude concern American drillers.

Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world's most important crude ...

Falling private investment, tax hikes, and regulatory reforms under President Petro are threatening Colombia’s economically crucial oil and gas industry, leading to declining production and reserves.

The focus on AI’s sustainability has largely centered on energy use, and rightly so. Powering massive workloads takes a toll ...

Gas prices are expected to see modest increases despite Middle East tensions, as the oil market stabilizes following U.S.

The United States launched military strikes on three Iranian nuclear facilities Sunday morning local time, an action ...