The complex political situation in Venezuela could harm new investments and will likely keep big oil on the sidelines while the new Venezuelan oil power players emerge.

President Trump is meeting with big oil industry executives Friday afternoon as he pushes U.S. oil companies to invest in Venezuela.

It was a week when both oil and natural gas prices logged steep losses. The headlines revolved around supermajor ExxonMobil XOM and Shell’s SHEL Q1 earnings updates. Developments associated with RPC Inc. RES, Equinor ASA EQNR and Matador Resources ...

DNO signed offtake agreements with ExxonMobil and Shell for the entirety of its North Sea oil production and secured up to $410 million in 'related offtake financing facilities'. DNO ASA said Thursday it had signed offtake agreements with Exxon Mobil Corp ...

U.S. President Donald Trump ‌said ​he had canceled a ‌second wave of attacks on Venezuela following cooperation from ​the South American nation. The president said on Friday that Venezuela was releasing ‍a large number of ​political prisoners as a sign of "seeking peace",

President Donald Trump signs executive order blocking courts from seizing Venezuelan oil revenues in U.S. Treasury accounts, citing national security concerns and policy.