Energy sector stocks are leading losses on the ASX 200, tracking a decline in oil prices in anticipation of the OPEC+ cartel agreeing to ramp up supply when it meets tomorrow.

West Texas Intermediate was steady below $61 a barrel after dropping 1.5% on Thursday. Brent closed lower near $64.

By Tsvetana Paraskova for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the ...

Crude oil futures fell after surrendering early gains that followed the US Court of International Trade's ruling that President Trump overstepped his authority by imposing broad tariffs.

Russia has continued to make billions from fossil fuel exports to the West, data shows, helping to finance its full-scale ...

While India’s growth rate is ahead of China’s, Indian volumes aren’t anywhere near the Chinese boom in consumption that began ...

Despite bearish demand signals and rising global supply, U.S. oil production continues to grow, raising the possibility of a ...

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

The more-active NYMEX July RBOB contract was off by 1.8cts to $2.0455/gal and June RBOB was down by 2.35cts to $2.066/gal. The NYMEX July ULSD contract was 2.9cts lower to $2.0415/gal and June ULSD ...

Kazakhstan has informed OPEC that it does not intend to reduce its oil production, Russia's Interfax news agency cited ...

Saudi Arabia and its partners have discussed another large output hike, even as prices slide and demand wavers.

Pipeline operator Williams will seek to build two natural-gas supply lines to New York following talks between President Trump and Gov. Kathy Hochul. Oil futures rebounded from the previous day's ...