President Donald Trump promised boom times for oil and gas when he took office in January. Instead, the industry is cutting ...

Companies such as BP and Chevron have announced large cutbacks that are reshaping the fossil fuel sector's workforce.

Wood Mackenzie warns of a 2026 oil glut, with oversupply pressuring prices even as long-term demand outlook remains strong, forcing producers into tough investment decisions.

Ukrainian President Volodymyr Zelenskyy said Russia is facing a gas shortage and has tapped into its "rainy day" diesel ...

Thirty years ago, Willie Cruz was shocked when he learned the Southern California oil refinery where he worked was shutting ...

Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy.

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

From the oil field to the hotel desk, business has remained brisk in the country’s top oil basin as analysts warn of a ...

Oil prices have been rising over the past few days, but even still Texas oil and gas firms are feeling pessimistic about the ...

Serbia depends almost entirely on Russian gas and oil supplies, which it receives mainly through pipelines in Croatia and ...

This story was originally published by CalMatters. Sign up for their newsletters. The oil industry is having an I-told-you-so moment in California. For decades, the state has raced to end its reliance ...

The compromise would streamline environmental approvals for new wells in oil-rich Kern County and make offshore drilling more ...