One of the biggest players in the oil and gas industry in the Permian Basin is independently owned DiamondBack Energy. After ...

A fierce battle over revenue assurance in the petroleum sector has taken a new turn, with allegations that entrenched industry players—who benefited from tax leakages—are behind a sustained campaign ...

The pump prices of Premium Motor Spirit (petrol) may rise further in the coming days as the landing cost of imported PMS has increased again, amid the recent rise in the importation of the commodity, ...

Oil prices nudged higher on Thursday on concerns about tighter global supply after the U.S. tariff threat on Venezuelan oil ...

The company led by President Trump’s confidant Elon Musk builds all the cars it sells in the United States domestically and ...

Fresh Del Monte Produce announces its acquisition of Avolio, Uganda's leading supplier of bulk crude and edible avocado oil.

President Donald Trump signed a 25% tariff on new autos and light trucks, including certain parts, built outside the United ...

Many investors seeking passive income have been pouring money into treasuries as interest rates have been solid for these ...

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

The U.S. announcement that Washington will impose a 25% tariff on any country that purchases Venezuelan oil or gas has ...

Environmental advocates from across the Beaver State urge Senator Wyden to put an end to the disastrous 45Q tax credit ...

Brazilian drilling contractor Constellation Oil Services has been awarded a new contract with Petrobras to carry out ...