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 ...

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.

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

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

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

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 ...

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 ...

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

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 ...

Brazil was not the only country targeted for political reasons. India faces a comparable rate for buying Russian oil. Mr ...