Huge oil reserves believed to lie off the mouth of the Amazon have sparked a bitter debate in Brazil about its role 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 world faces a record glut of oil next year as a Saudi-led cartel ramps up production – just as global demand slumps.

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

Petrobras (NYSE:PBR) moves closer to obtaining an exploration permit to drill in an environmentally sensitive offshore region ...

The International Energy Agency forecasts a larger oil market oversupply due to tepid demand growth and surging supply from ...

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 ...

Global oil markets are poised for a larger surplus than previously expected this year, with supply set to grow more than ...

The International Energy Agency scaled up its forecast for global oil supply in 2025, citing higher production by the Organization of the Petroleum Exporting Countries and allies.

Last week, the American President imposed 50 per cent tariffs on India as “punishment” for buying oil from Russia.

July gas prices were down 2.2% from June, according to the Labor Department. Why prices could continue to slip in the months ahead.