Oil Policy News

Iraq's crude oil exports rose almost 2% on the month in May, with it exported 104.3 million mt of crude oil through the month, equivalent to...

The UK's largest union representing North Sea energy workers has received the backing of almost 200 oil and gas companies in its bid for the Labour party...

Italy's Prime Minister Giorgia Meloni said Wednesday the government should work to fix the upcoming EU ban on the sale of new internal...

PetroChina's US trading arm has been fined $14.5 million by authorities over violations of export regulations, the Department of Justice...

Mexico will struggle to see the startup of its long-delayed 340,000 bpd Olmeca refinery before the end of the year as technical and...

Gasunie and Royal Vopak, together with the Dutch Ministry of Affairs and Climate Policy, have launched a market consultation...

Ukraine has claimed a series of successful strikes on four Russian refineries as part of an overnight attack involving up to 100 drones on Russia...

Japan is set to extend government subsidies on domestic gasoline to at least...

Growing energy demand in non-OECD countries meant global fossil fuel usage hit a record high in 2023 despite decarbonisation efforts that...

European Union countries have added liquified natural gas (LNG) to the latest package of sanctions aimed at Russia...

Russian refined product exports are yet to pick up in June despite the reopening of some of its damaged refineries, a move that could be...

Global oil demand is expected to continue to rise for the next 10 years as wavering electric vehicle demand and higher energy consumption...

The US is prepared to release crude oil from the Strategic Petroleum Reserve as a counter to higher gasoline this summer if needed...

South Korea is to start walking back Covid-era road fuel tax cuts from as early as next month, signalling an end to long-running efforts to...

The UK on Thursday announced a new round of sanctions aimed at Russian, targeting the so-called 'shadow fleet'...

he US Environmental Protection Agency (EPA) was hit by three lawsuits Thursday representing more than 30 industry bodies...

The UK Labour Party, which is odds-on to form a new government next month, said Thursday it would bring forward plans to ban new...

India reached its targeted 15% ethanol blending (E15) in gasoline during May after the country was previously unable to make the target due...

Volumes of crude oil and refined products shipped via Africa's Cape of Good Hope have soared by 50% in the first five months of 2024...

Indonesia's state-owned energy firm Pertamina will acquire a Brazilian ethanol and sugar producer to ensure a supply of finished ethanol...