LyondellBasell is in solid financial health. Management reported a net debt/adjusted EBITDA ratio of 1.8 times as of Dec. 31, 2024. We expect the leverage ratio will remain healthy over time as the ...

The EIA's next weekly petroleum status report is scheduled to be released on February 5 and will include data for the week ...

Kearl targets production exceeding 280,000 barrels per day in 2025, with ongoing efforts to surpass 300,000 barrels per day over the next few years. The renewable diesel project at Strathcona remains ...

U.S. crude oil production fell by 122,000 barrels per day (bpd) in November to 13.314 million bpd, down from a monthly record ...

India's Oil and Natural Gas Corp (ONGC) reported a third-quarter profit miss on Friday, as buoyant fuel demand failed to ...

Q4 2024 Earnings Call Transcript January 30, 2025 Murphy Oil Corporation misses on earnings expectations. Reported EPS is ...

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

Sixth Consecutive Year of 1P Total Reserves Growth Resulting in Highest Total Reserves in Company History Delivered 702% 1P and 1,249% 2P Reserves Replacement Including Recent Acquisition Total Liquid ...

Dozens of offshore oil and gas discoveries in Norway are being matured towards development and, while not all will make it to ...

The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended oil production cuts ... The cut to Saudi Arabia’s GDP forecast led to an ...

U.S. oil production is expected to continue along its growth path this year before slowing significantly in 2026, according to the Energy Information Administration. In its January Short-Term ...