Huge oil reserves believed to lie off the mouth of the Amazon have sparked a bitter debate in Brazil about its role in ...

Global oil demand is set to grow by 1.38 million barrels per day (bpd) in 2026, OPEC said on Tuesday as it raised its ...

OPEC+'s recent decision to fully unwind 2.2 million barrels per day of crude oil output cuts has largely been viewed as a ...

Since the first big finds in the 1940s, Brazil’s politicians have vowed all of its people would benefit. But in some oil ...

Petrobras has received authorization for a pre-operational assessment, moving closer to an exploration permit for an environmentally sensitive offshore region in the Amazon basin.

BP considers teaming with Petrobras to develop its biggest oil discovery in 25 years despite high CO2 levels raising ...

BP is not the only driller betting big on South America, which last year produced around two-fifths as much crude oil as ...

Brazil has been more aligned with major oil producers during the current round of talks to create a global plastic pact ...

With a Friday deadline for Russia to agree to peace in Ukraine or have its oil customers face secondary tariffs, Trump has ...

The sluggish demand clashes with a surge of production from Opec. The IEA said Opec’s push to boost global oil supply would ...

The IEA raises its projections for oil supply growth in 2025 while trimming demand forecasts, citing weaker fuel consumption ...

International crude oil prices have been falling under the weight of over supply but it could be worse next year with dire ...