Oil Policy News

A new EU Parliament looks set to favour e-fuels and prolong the life of the internal combustion engine in road transport after right-wing...

New Zealand is set to scrap a 2018 ban on new oil and gas exploration amid concerns over its energy security...

OPEC+ continued to rein in production during May as Russia and Kazakhstan curtailed output, although Iraq again failed in its pledge...

The US has pushed through a law aimed at increasing the fuel efficiency of new vehicles sold in the country...

The US Department of Energy (DOE) returned to the market with its latest tender to secure crude oil as it continues to buy back inventories...

Diesel prices in Malaysia surged on Monday as the government scrapped its fuel subsidy policy in a bid to...

Russia continued reducing its oil output in May in accordance with its OPEC+ quotas on production and exports, according to...

The Norwegian Ministry of Energy has announced that three additional areas for CO2 storage will be made available...

Capital expenditure in fossil fuel projects, such as oil and gas exploration and production...

The US government could accelerate its program to replenish the SSPR with maintenance at key storage facilities set to be completed...

Production from core OPEC members increased during May despite the producer group trying to get to grips with overall output and clamp...

Poland's state-owned oil and gas company PGNiG has bought a 19.2% stake in two North Sea...

Prospects for additional pipeline capacity shipping natural from Russia to China have hit a major snag with the two sides unable to agree on a long-term pricing formula...

OPEC's crude output in May edged higher as the producer group continued to overshoot against production targets...

The US Department of Energy (DOE) has added another 3 million barrels of crude oil to its Strategic Petroleum Reserve (SPR)...

Global air travel demand has surpassed pre-Covid levels and will continue to grow this year, boosting profitability as the effects of the pandemic...

The price of propane sold by Saudi Aramco to its customers in Asia passed butane levels for the first time since July, with propane prices...

TTF natural gas futures surged 12% in early trade Monday after Norway's exports to Europe...

The weekend's OPEC+ meeting presents downside risk to Goldman Sachs' Brent outlook price of $75-$90/b after the producer group...

China will cut its carbon emissions by the equivalent of 1% of its total 2023 emissions this year by controlling its coal...