As Washington talks up a return of US oil companies, the world’s biggest producer says deep legal and political risks still stand in the way.

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.

Exxon Mobil (NYSE:XOM), BP (BP) and Shell (SHEL) have held preliminary discussions with Oil and Natural Gas Corp. for a potential partnership in the Indian company's $5B deepwater project in the KG basin, The Economic Times reported Wednesday. The bloc off ...

It was a week when both oil and natural gas prices logged steep losses. Overall, it was a catastrophic seven-day period for the sector. West Texas Intermediate (WTI) crude futures plunged more than 10% to close at $61.99 per barrel, while natural gas ...

Environmental experts warn that U.S. plans under President Trump to restart and control Venezuelan oil exports could intensify pollution, greenhouse gas emissions and ecological damage in a country al