Oil Policy News

Naphtha cracks in Asia hit their highest levels in a month and a half during Monday's trading session as Chinese government stimulus...

Oil shipments via Russia's Druzhba pipeline have resumed, restoring a critical supply route for Hungary, Slovakia, the Czech Republic...

Qatar has warned it will cease gas exports to the European Union if new corporate due diligence rules result in significant financial...

Syria's Baniyas oil refinery has ceased operations after the flow of Iranian crude, which historically accounted for 90% of its supply, was...

US President-elect Donald Trump has issued an ultimatum to the European Union, threatening tariffs unless the bloc significantly...

Israel launched airstrikes on Yemeni energy infrastructure early 19 December, targeting ports and power stations in response to Houthi...

The US government's Environmental Protection Agency (EPA) on Wednesday approved California's plan to phase out gasoline-only car...

A US government funding draft bill has included a plan to allow year-round sales of E15 and additional ethanol blending credits to some...

European states are tightening enforcement of sanctions on Russia's shadow fleet by demanding stricter proof of insurance, targeting...

Ukraine is prepared to facilitate gas transit to Europe from non-Russian sources once its existing agreement with Russia expires, Prime...

Two Russian tankers broke apart in a violent Black Sea storm on 15 December, spilling thousands of tonnes of fuel oil near the Kerch Strait...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...

Austrian energy company OMV has severed its long-standing natural gas supply contract with Gazprom, citing "multiple fundamental...

Lower oil prices and sufficient global supplies is allowing the US and its allies to look for "creative" ways to target Russia with additional sanctions...

Norway will halt public financing for new international fossil fuel projects from January 2025, delivering on a commitment...

The US Energy Information Administration (EIA) has lowered its 2025 Brent crude oil price forecast to under $74/b, down from almost...

China's oil demand could peak as early as 2025, five years sooner than previously forecast, driven by the rapid adoption of electric vehicles...

The largest lawmaker group in the European Parliament is launching a campaign to weaken the EU's main policies for cutting CO2 emissions...

Residual fuel exports from Mexico to Asia could jump next month if the incoming US president Donald Trump were to follow through on his...