Following America's bombing of nuclear sites in the Middle East, petroleum analysts stated they anticipate an increase in oil and gasoline prices.

Buying $100 In MPC: If an investor had bought $100 of MPC stock 5 years ago, it would be worth $454.10 today based on a price of $167.98 for MPC at the time of writing.

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

Economic fallout from the weekend strike by U.S. forces on Iranian nuclear facilities has been muted so far, but the opening ...

Draft legislation released by the Senate Finance Committee includes $18 billion in new tax benefits for oil and gas companies ...

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

Occidental Petroleum (OXY) closed the most recent trading day at $43.95, moving -3.68% from the previous trading session. This move lagged the S&P 500's daily gain of 0.96%. Elsewhere, the Dow saw an ...

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

Well-supplied markets and weakening demand for crude concern American drillers.

The price of crude oil plunged Monday afternoon, following Iran's retaliatory attacks targeting a U.S. military base in Qatar ...