U.S. oil companies are shifting investments south. Exxon and Chevron have piled into the Foz do Amazonas basin—part of the ...

OPEC and its allies agreed to a larger-than-expected production hike for the fourth straight month, fueling concerns about a ...

OPEC+ jolted markets by announcing it would flood the market with more oil.

OPEC+ oil producers are set to approve another big output boost for September as they complete the unwinding of voluntary ...

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty ...

Another tussle for oil market share at low prices beckons, after OPEC+ producers announced a higher than expected crude ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already ...

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...