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

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

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 ...

Brazil's government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signalling the country's ...

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

Brazilian authorities announced Tuesday the South American country's decision to join the Organization of 13 Petroleum ...

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.

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

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the ...

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.