As a result of a lack of investment by the state-run Pemex in the industry, Mexico has not got a modern infrastructure that is capable of extracting all the oil and gas it could. According to a study ...

The state Legislature has endorsed a bill that would raise royalty rates for new petroleum development on prime pieces of ...

President Donald Trump on Tuesday went through with threats to tax imports from America's three largest trading partners, a ...

Mexican fuel oil cargoes are heading to Asia and Europe this month as higher prices draw supply, while traders eye more diversions after U.S. President Donald Trump imposed tariffs on imports this ...

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

US Gulf Coast refineries had already been placing fewer orders for crude oil from Mexico even ahead of President Donald Trump’s tariffs put in place this week. American fuelmakers have ordered ...

Canada is the top supplier of crude oil to the US ... per Trading Economics data. Mexico is an auto powerhouse. The industry employs more than 1 million people there and has long attracted ...

Trump’s oil tariffs on Canada and Mexico could disrupt U.S. refiners, raise fuel prices, and impact energy markets.

SANTA FE, N.M.— A coalition of Indigenous peoples, youth, frontline community members and environmental groups sued New Mexico, the state legislature, Gov. Michelle Lujan Grisham and state agencies ...