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

Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries, pumping 3.2 million barrels per ...

Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased ...

Global energy research body, Wood Mackenzie, has said Brent crude oil prices will average $73 per barrel this year, about $2 below Nigeria's ambitious $75 per barrel projection in the 2025 budget ...

China does not recognize US sanctions and Chinese firms buy the most Iranian oil. China and Iran have built a trading system ...

BEIJING (Reuters) - Oil prices rose for a second day on Tuesday as the U.S. imposed fresh sanctions on Middle Eastern ...

The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, ...

Oil futures rose modestly as the U.S. imposed fresh sanctions on Iran and Iraq offered a commitment to compensate for ...

According to its latest market outlook, Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel ...

Iraq has reaffirmed its commitment to the OPEC+ agreement, even as the resumption of oil exports from Kurdistan appears ...

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

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