Brazilian state-run oil firm Petrobras will increase the average price of jet fuel sold to distributors by 3.8%, or 0.13 real ($0.0243) per liter, starting December 1, it said on Monday.

Oil majors in Brazil have decided they’ve seen enough of the proposed Subsea7–Saipem tie-up, and they’re pushing antitrust regulator Cade to slow it down or break it up ...

Brazilian state-controlled oil company Petrobras (PBR) trimmed its five-year investment plan for 2025-2029 by about 2%, ...

Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion in a move to shield its cash flow at a time of lower international oil prices.

Recently, the International Energy Agency (IEA) identified Brazil as a key non-OPEC oil producer responsible for driving global production growth. A swathe of world-class ultra-deepwater pre-salt oil ...

This year marked the return to boosting oil and gas production, and with it—increased exploration efforts in key basins and promising new frontiers. Guyana, Suriname, Namibia, and Brazil have seen ...

SAO PAULO, Sept 21 (Reuters) - Brazilian oil company Petrobras (PETR4.SA), opens new tab said on Monday it will open another round of bidding for its Repar refinery in the state of Parana after ...

Just as Brazil hosts the latest climate change summit, COP 30, the country is being hailed as the new oil frontier. Together with neighboring Guyana and Argentina, Brazil is thought to harbor a ...

Environmental advocates warn oil leaks or spills could cause irreparable damage to the unique and understudied ecosystem.They are suing the Brazilian government and its largest state-owned oil ...

SAO PAULO (AP) — Brazilian authorities said Friday they have made progress in solving the housing shortage for attendees of the upcoming U.N. climate conference, while also defending a recent decision ...

The spending plan is being closely watched by investors, as it has an important political dimension in Brazil.