CARACAS, Venezuela - Venezuela's state oil company said net income rose 80 percent in the first quarter as world oil prices soared. Petroleos de Venezuela SA, or PDVSA, said late Tuesday that net income reached US$3.5 billion in the quarter ending ...

SAO PAULO, Brazil : Brazilian state oil company Petrobras will start pumping oil from a Nigerian field on July 21, company officials said Saturday. Petroleo Brasileiro SA expects to begin producing oil "of the highest quality" in the offshore Agbami ...