Petrobras operates Buzios with an 88.99 percent stake. CNOOC Ltd. owns 7.34 percent through wholly-owned subsidiary CNOOC ...

Oil refiners in China have stepped up purchases of Russia's flagship crude, seizing an opportunity to take discounted cargoes ...

Santos said newly revealed approvals would delay the process for an ADNOC-led consortium to progress its proposed takeover of ...

Any talks about U.S. sanctions towards Russia are now blowing in the wind, Bjarne Schieldrop, Chief Commodities Analyst at ...

The U.S. Energy Information Administration cut its West Texas Intermediate average spot crude oil price forecast in its latest short term energy outlook.