Oil Policy News

China's oil giant PetroChina is shutting down its 410,000 bpd Dalian refinery amid weaker refining margins and is eyeing a new refining...

Iraq has once again reaffirmed its commitment to OPEC+, pledging to cut output and produce within targets set by...

Nigeria's Dangote refinery has shipped its first gasoline cargo as operations at its vital RFCC unit continue to ramp up...

South Korea may consider extending fuel tax cuts further if the current volatility in the global oil market persists beyond 2024, the...

Energy giants QatarEnergy and ExxonMobil have been granted a three-year extension to construct the joint-venture Golden Pass LNG terminal...

Iraq's crude sales were steady last month as it shipped 3.31 million bpd of crude through September, its oil ministry said Thursday...

UK car output declined for the seventh consecutive month in September as manufacturers diverted production towards zero...

The IMF trimmed GDP forecasts in China as macroeconomic weakness continues to grip the nation...

Argentina's road fuel demand fell to its lowest level in over three years last month as a big drop in diesel demand was joined by lower...

South Korea has further extended its oil product sale tax cut until the end of this year as the policy marks its two-year anniversary but the rate...

Australian refiner Viva Energy has asked for state support as cracks have come under pressure, with the company seeing a...

Southeast Asia's oil demand will grow 50% by the middle of the century, with higher personal transport use in a richer and more...

Egypt is set to extend its LNG cargo buying spree into the first quarter of 2025 as the North African country continues to...

China has issued a larger crude oil import quota for non-state importers at 257 million mt next year, equating to an average of 5.14 million bpd, the...

Saudi Aramco remains optimistic in its outlook on China's oil demand, CEO Amin Nasser said Monday, with hopes that the government's recent...

Libya's National Oil Company (NOC) said crude oil production was back to its peak of more than 1.3 million bpd on Sunday, including record...

The UK government has announced a fresh wave of sanctions on Russian-owned tankers in an attempt to restrict its earnings from the...

Global jet fuel consumption will grow 45% by 2040 as emerging market demand for air travel continues to rise even as alternative...

Nigeria's upstream regulator has reportedly blocked Shell's sale of its onshore assets, amid concerns over the proposed consortium's...

Israel will not target Iran's oil and nuclear installations, instead focussing on military and strategic targets...