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

Petrobras moves closer to obtaining an exploration permit to drill in an environmentally sensitive offshore region in ...

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.

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

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 ...

The world faces a record glut of oil next year as a Saudi-led cartel ramps up production – just as global demand slumps.

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

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

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

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

The International Energy Agency says the world is heading straight into a record-breaking oil surplus in 2026, as global demand growth slows down and ...

The BBC reported BP with its pivot hopes to increase production to between 2.3 million and 2.5 million barrels of oil per day ...