Brazil's President Luiz Inácio Lula da Silva is defending oil exploration near the mouth of the Amazon River as a way to ...

Supply and demand imbalances can cause huge fluctuations in oil prices. We saw that in early 2022 after Russia's invasion of Ukraine, which sent crude prices soaring into the triple digits for the ...

Saudi Arabia's crude oil supply to China will likely decrease in March compared to the previous month, trade sources told Reuters on Tuesday.

State producer Saudi Aramco raised the price for its Arab Light oil to Asia for March by $2.40 a barrel, according to a price list seen by Bloomberg. That’s the biggest increase since August 2022.

PSAs could be completed, signed this year, Natural Resources says, reaffirms commitment to transparency in process ...