The CEOs ExxonMobil and ConocoPhillips told President Donald Trump that Venezuela will need big changes to attract investment. Exxon CEO Darren Woods said Venezuela is “uninvestable... Read more

KYIV, Ukraine (AP) — A Ukrainian drone strike sparked a fire at an oil depot in Russia’s southern Volgograd region, regional authorities said on Saturday. There were no immediate reports of... Read more

In a meeting with more than dozen major oil executives at the White House, Trump said, “When we own it, we defend it. You don’t defend leases the same way, you have to own it,... Read more

HAVANA (AP) — As U.S. seizures of Venezuela-linked oil tankers surge, concerns grow in Cuba about whether the island’s government and economy will survive. Experts warn that a sudden halt in... Read more

First, a five-year economic crisis gripped Cuba, triggering a massive wave of emigration. Now, the unstable situation in Venezuela – one of Cuba’s main trading partners – could c... Read more

President Donald Trump said American oil companies—as well as some European players—will spend at least $100 billion in Venezuela to “very rapidly rebuild [its] dilapidated oil industry” and... Read more

Myra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years. She has spent the bulk of her years at the company writing the daily Future... Read more