Oil Policy News

The UK has sanctioned 30 tankers from Russia's so-called shadow fleet, marking its largest-ever crackdown on vessels transporting Russian...

The US Treasury Department is scrutinising the relationship between JPMorgan and a hedge fund reportedly part of a network operated...

The Chinese government has reportedly granted a new batch of crude oil import quotas to an independent refiner for prompt cargo arrivals...

Kazakhstan has lowered its 2024 oil production forecast to 88.4 million mt, or 1.77 million bpd, down from an earlier projection of over...

Swedish battery maker Northvolt has filed for Chapter 11 bankruptcy protection in the US, dealing a blow to Europe's efforts to...

Upcoming emission regulations in the Mediterranean are set to tighten ultra-low sulphur fuel oil (ULSFO) supplies and redirect very...

The International Energy Agency (IEA) has faced sharp criticism from US lawmakers over recent weeks, with Republicans officials expressing...

Donald Trump has named Howard Lutnick, CEO of Cantor Fitzgerald, as his pick for US Commerce Secretary, tasking the billionaire with...

Iran has provisionally agreed to limit stockpiles of near-weapons grade uranium and has made preparations to cap volumes...

China is set to cut tax rebates for clean oil product exports, signalling a broader effort by Beijing to rein in fiscal spending as it...

South Korea has officially opened a new LNG and oil tank storage hub in Ulsan this week and is eying to expand the facility to store ammonia...

The CEO of Occidental Petroleum has welcomed Donald Trump's election victory but gave a measured outlook on further US...

Germany has instructed its gas import terminals to block shipments of Russian liquefied natural gas (LNG), an action first reported by...

S&P Global trimmed its forecasts for the BEV market share in the EU in 2025, signalling a major barrier to meeting mandates as challenges...

Sinopec has started up a 1.2 million mt per year ethylene plant in Tianjin, northern China, boosting its capacity in the region to 2.5 million mt...

Aemetis said it expects the Californian government to approve year-round sales of E15 gasoline next year, spurring more than 600...

OPEC has trimmed its forecast for global oil demand in 2024 for a fourth consecutive month, as tepid growth from China continued to drag...

Donald Trump has selected a former Republican congressman with a history of voting to eliminate the federal renewable certificate scheme to run...

Russia's Litasco has denied it is in talks to sell its Bulgarian refinery to a British-Qatari consortium, first reported last week...

An appeals court in the Netherlands has overturned a 2021 ruling that compelled...