The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

OPEC is bringing more than 800,000 barrels per day of additional supply to the market over the course of two months.

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

Crude futures picked up from the previous day’s losses, helped in part by major Permian producer Diamondback Energy’s CEO warning shareholders that the company expects activity to slow and production ...

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation's position as the world's largest fossil fuel producer and ...

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer ...