US oil giants produce mainly at home but send more tax dollars overseas
Washington (AFP) - US fossil fuel giants produce most of their oil and gas domestically but pay billions more in ...
Monday, August 3, 2026
Tag: oil industry
Brazil greenlights oil drilling in sensitive Amazon region
Rio de Janeiro (Brazil) (AFP) - Petrobras said Monday it had received a license to drill for oil near the ...
Putin says Russia a top oil producer, despite ‘unfair’ pressure
Moscow (AFP) - Russian President Vladimir Putin said Thursday that his country was still among the world's top oil producers, ...
US sanctions on Serbian oil firm will start October 1: Vucic
Belgrade (AFP) - US sanctions on Serbia's largest oil producer, which is majority Russian-owned, will finally come into force on ...
IEA says more oil and gas investment may be needed
Paris (AFP) - New oil and gas projects may be necessary to maintain current production levels, the IEA said Tuesday, ...
Five things to know about Nigeria’s oil sector
Lagos (AFP) - Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in ...
Brazil’s Petrobras posts $4.7 bn second-quarter profit
Brasília (AFP) - Brazil's state-owned oil company Petrobras posted a hefty net profit of $4. 7 billion in the second ...
Oil giant BP returns to profit in second quarter
London (AFP) - British energy group BP on Tuesday posted a net profit for the second quarter, in contrast to ...
Saudi Aramco profit drops 22 percent on lower prices
Riyadh (Saudi Arabia) (AFP) - Saudi Aramco's profit slid 22 percent in the second quarter to 85 billion riyals ($22. ...
Exxon, Chevron turn page on legal fight as profits slip
New York (AFP) - Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are ...
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