The two biggest oil companies in the United States are shifting their focus away from large-scale international oil projects and instead concentrating on a select few assets that are more profitable in their domestic market.

Chevron and Exxon have announced that the majority of their yearly budgets will be invested in the Americas.

The Environmental, Social, and Governance (ESG) investing strategy is facing criticism and it appears unlikely that the opposition will dissipate anytime soon.

A European distressed-debt trader is raising money to buy defaulted Venezuelan bonds trading below 10 cents on the dollar.