U.S. crude oil futures rose about 4% on Monday after OPEC+ increased production at a steady rate, easing investor fears that ...

Discover key financial insights with updates on employment growth, oil rig activity, and consumer credit trends.

Drilling activity continues to remain at levels not seen in over three years, declining for a fifth consecutive week — the first time that has happened since September 2023. Oilfield services firm ...

US oil and gas rig counts hit their lowest since 2021 as drilling activity slows due to lower prices and market uncertainty.

North America dropped five rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Crude prices lingering below $65 are benefiting U.S. consumers at the pump, but they’re squeezing shale producers ...

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

Russia's oil-patch tax policy, along with tanking crude prices, are making the country's critical export unprofitable.

The chief financial officer of SM Energy Co., Denver, said this week the company would like to grow its presence in Uinta ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest ...

The latest EIA data showed that weekly U.S. crude oil production rose, from 13.387 million bpd to 13.392 million bpd. The ...