The EIA now sees the WTI spot price averaging $63.88 per barrel in 2025 and $57.48 per barrel in 2026, according to the STEO.

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

NEW YORK: Brent and West Texas Intermediate crude climbed more than US$1 on Friday after US Energy Secretary Chris Wright said the United States could end Iran's oil exports as part of an effort ...

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on Friday's modest gains and attract fresh sellers near the $61.60 area at the start of a new week. The commodity currently ...

Oil prices are already reflecting those expectations. The price for West Texas Intermediate crude was $77.88 a barrel when Trump took office. Since then, it has steadily declined until bottoming ...

The FTSE 100 (^FTSE) and European markets were volatile on Friday and US stocks opened lower, after a tumultuous week of ...

AUSTIN, Texas — The Texas House of Representatives passed a two-year state budget after convening for a marathon session of over 13 hours on Thursday. Senate Bill 1 (SB1) was approved on a vote ...

Hess' liquidity backstop is very strong. The firm has $1.2 billion in cash and more than $3 billion available on its credit facility as of the last reporting period. In addition, the term structure of ...

The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI), while the most important in Asia is Dubai Fateh. Other reference oil types include ...

Follow the latest on Trump’s tariff war; Donald Trump has vowed to hit imports of pharmaceuticals with new tariffs in a major setback for one of Britain’s largest export indus ...