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.

BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes ...

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.

BP is seeking to bolster oil and gas in its portfolio to regain investor confidence and revive underperforming shares.

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

The U.S. has granted a tariff exemption for Brazilian crude oil, allowing exports to resume and avoiding a trade standoff.

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

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 ...