Crude oil holds a prominent position in the global commodities market because oil price changes affect ... United States Energy Information Administration. Because of this market share, OPEC's ...

U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.

Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend ...

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

There's no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet ...

Saudi Arabia is OPEC’s de facto leader and one of the world’s leading producers and exporters of crude oil. It is a historic ally even though relations have cooled. Saudi Arabia does not ...

US President Trump has vowed to ask OPEC to ramp up production. Lower oil prices will not only impact OPEC, it will also affect US oil producers. OPEC has a very different agenda than Trump and is ...

“With their decision, the OPEC+ countries are meeting the demands of US President Trump, who had called on OPEC to increase ...

Haitham al-Ghais, the Secretary-General of the Organization of Petroleum Exporting Countries, said Tuesday at the Global ...

The OPEC+ members decided at an online meeting to postpone by three months production increases that had been scheduled to take effect Jan ... In the United States, Donald Trump’s return ...

Other countries ban international producers altogether in favor of domestic OCTG manufacturers. Shifts in US trade regulation, which affects more than half of Tenaris’ sales, would be ...