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

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

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.

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 ...

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

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

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

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 ...

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

Hanwha Ocean establishes marine plant base in Brazil to enhance market presence Hanwha Ocean aims to strengthen its foothold ...