Oil Policy News

The International Monetary Fund (IMF) has raised its outlook for China's economic growth this year and 2025...

Texas-based Global Oil Terminals has been granted a waiver to continue importing asphalt from Venezuela after Washington...

Iran's nuclear capabilities have come under close scrutiny once again following a confidential report from the UN's nuclear watchdog...

Two European banking giants have exited the market providing bonds that underwrite oil and gas deals...

OPEC+ will hold its early-June ministerial meeting online rather than in person, while the date has also been pushed back...

Russia's April crude oil output exceeded its OPEC+ quota allocation, with the energy ministry citing "technical" reasons for missing its target...

Gasoline sales in Argentina continued to fall in the wake of government subsidy cuts, with government figures published Tuesday...

Ukrainian drone attacks on Russia's refineries continued over the weekend, with a site in the south of the country damaged in the latest...

The latest attack on an oil tanker off the coast of Yemen sparked renewed shipping tensions in the region after what has been a relatively quiet...

Iraq's Southern Refineries Company has inked an MOU with China National Chemical...

Indonesia will look to replace all of its fossil diesel imports with locally produced biodiesel, cutting $20 billion off the country's fuel bill, as...

A US appeals court Monday confirmed biofuel blend targets for the years 2020-22 after both oil refiners and biofuel producers had pushed for...

OPEC and its allies reduced output by over 200,000 bpd largely on Russian cuts, but worryingly for the alliance Iraq continues...

The EU has signed off on a new law phasing out the use of fossil-powered trucks and lorries after member states Monday formally adopted...

Iraq is onboard with extending OPEC+ production cuts beyond the current quarter, clarifying reports from the weekend suggesting that Baghdad...

A lobby group representing major oil companies has called for increased carbon taxes and the adoption of emissions trading systems...

Scrubber installations in oceangoing vessels can expect to breakeven in about five years, although the use of open loop systems is...

Toronto-based lobby group Carbon Removal Canada (CRC) is seeking views for its upcoming proposal on how an effective government ...

The US is set to resume its Strategic Petroleum Reserve (SPR) buyback program after issuing a tender for October-delivery crude...

Beijing has issued its second batch of export quota for refined oil products this year at 14 million mt, according to...