Chinese refiners have stepped up purchases of Brazilian and West African crude as they reorganise sourcing around sanctions and tariff disruptions, and after prices of Middle Eastern grades surged.

Offshore drilling company Valaris has decided to retire three semi-submersible drilling rigs from its fleet as part of its ...

Russia's sovereign wealth fund expects a number of U.S. companies to return to Russia as early as the second quarter of 2025, ...

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.