BASF expects earnings to increase slightly this year due to cost savings that will offset continued investment in a big petrochemical site in China and a tough economic environment.

OPEC+ output cuts have been in place for a long period of time, but continued demand growth makes OPEC+ relevant for years to ...

Output for December 2024 was revised higher by 59kb/d and November 2024 output was revised higher by 54 kb/d compared to last ...

The Brazilian oil producer has joined other majors including Exxon Mobil Corp. and Chevron Corp. who continued to reward ...

But even in a relatively permissive environment, Russia’s appetite for global upheaval has limits. New bursts of conflict ...

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

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

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

Months before COP30, Brazil's president Lula da Silva seeks the expedited approval of a controversial oil drilling project in ...

Brazil has officially approved joining OPEC+, aligning itself with the world’s major oil-exporting nations just months before ...

Though non-OPEC members agree to cooperate with OPEC nations, Brazil won't have any binding obligation such as production cuts, Mines and Energy Minister Alexandre Silveira said at a news conference.

Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard to production cuts, the country’s energy minister said.