The Organization of the Petroleum Exporting Countries is grappling with increasing difficulties in managing its surplus oil production capacity, currently estimated at six million barrels per day.

Global indications suggest that OPEC is no longer able to effectively manage its six million barrels of surplus oil stocks.

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 ...

Brazil's oil regulators have temporarily halted several drillship operations, potentially impacting the country's expected ...

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 ...

Brazil is the Schrödinger’s Cat of Opec+ – it is both in the group and out of it at the same time. Last week, the South ...

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 ...