Brava Energia’s acquisition of Petronas’ stake in two offshore assets marks Brazil’s first major M&A deal of 2026 and positions the company among the country’s top oil producers.

Despite U.S. pressure following Maduro’s capture, Venezuela’s severely degraded oil infrastructure, environmental damage, and massive capital needs are deterring energy majors from returning.

The European Union is quietly preparing to take a much bigger swing at Russia’s oil trade. And this time, Brussels is aiming ...

The total number of active drilling rigs for oil and gas in the United States rose by 2 this week, according to new data that Baker Hughes published on Friday ...

The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes ...

Rosatom is seeking to shore up confidence in Uzbekistan by proposing a broad “nuclear cluster,” even as regulatory delays and ...

The global oversupply is set to override geopolitical flare-ups this year, keeping oil prices close to the $60 per barrel mark, the monthly Reuters poll showed on Friday.

Markets looked past rising supply as shifting U.S. rhetoric on Iran and ongoing weather-related disruptions kept risk ...

President Donald Trump is escalating military and economic pressure on Iran while demanding sweeping concessions that experts ...

ExxonMobil exceeded fourth-quarter earnings expectations as record production in the Permian Basin and offshore Guyana offset lower oil prices and weaker chemicals margins.

Hungary’s MOL Group has signed a new strategic partnership with Libya’s National Oil Corporation (NOC), marking a fresh step ...

Rising dissent within the Federal Reserve highlights growing political pressure on monetary policy at a moment when central ...