(QUITO, Ecuador)Ecuador's oil minister says Brazil's state-run oil company Petrobras has agreed to renegotiate a 21-year drilling and exploration contract in the Andean nation.READ MORE

(PARIS)Development of vast Iranian gas reserves in the Persian Gulf was dealt a blow Thursday when French energy giant Total SA said political conditions were not right for investing in t...READ MORE

(SAO PAULO, Brazil)Spain's top oil company Repsol YPF SA plans to invest as much as $2 billion to develop vast crude reserves recently discovered at Brazil's deep-water Carioca oil field.READ MORE

(NEW YORK)Following is a summary of top stories in the energy sector Monday afternoon: Crude Falls Back from New RecordREAD MORE

(NEW YORK)Shares of Latin American oil companies that trade on U.S. markets declined on Thursday as the price of oil fell after China said it will raise fuel prices.READ MORE

(NEW YORK)Following is a summary of top stories in the energy sector Friday afternoon. Crude Prices Finish Under $135READ MORE

(NEW YORK)An analyst raised his oil price estimates for the next two years and upgraded shares of British oil producer BP PLC, predicting Europe-based integrated oil companies will continue ...READ MORE