Exxon, Chevron, and others are increasingly eyeing South America for low-cost, low-emission production as shale basins mature ...

Oil Ticks Lower as Traders Weigh U.S. Tariffs, OPEC+ Supply Hikes Crude futures edged lower after gaining the the previous session, as investors weigh renewed U.S. tariff threats and the OPEC+ output ...

Brazil, Guyana and Argentina are driving a fast-growing share of global oil output.

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

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OPEC noted in its statement that the decision comes after an initial announcement made by Alexandre Silveira, Minister of Mines and Energy of Brazil, at the 36th OPEC and non-OPEC Ministerial ...

Brazil 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 ...

Brazil will be joining the Organization of the Petroleum Exporting Countries, or OPEC+, highlighting the South American country’s growing status as a major oil exporter.

Brazil has approved entry into OPEC+, aligning with major oil-exporting nations. This move highlights Brazil's rising status as a key oil player but has drawn criticism due to its timing ahead of ...

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.