Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating ...

The Secretary-General of the Organisation of the Petroleum Exporting Countries, Haitham Al-Ghais, has reaffirmed the ...

OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and ...

The decision ... formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation between oil ...

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

Iraq reaffirmed its commitment to the OPEC+ agreement on Monday and said it would present an updated plan to compensate for ...

While crude oil prices (CL=F, BZ=F) get buoyed slightly higher Wednesday morning, energy giant Occidental Petroleum (OXY) ...

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market ...

With growing competition from non-OPEC producers, the group may need to reassess its production strategy to avoid further ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil ...

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, signaling a return to the ...