Oil Policy News

The US has sufficient supplies in its  SPR to cope with any potential needs, despite the record sales in 2022 and a relatively slow buy-back program...

Threats from Houthi militants to target commercial vessels in the eastern Mediterranean has put the shipping industry on high alert...

The rally in high sulfur fuel oil margins showed no sign of slowing down this week as bullishness for the sector was given a further boost by a...

Russia's gas giant Gazprom swung to a massive $7 billion loss last year, its biggest in at least a quarter of a century...

The use of renewable diesel surpassed that of conventional fossil diesel in California for the first time last year and hit a record share of all...

The development of a global parallel trade in crude oil and refined products means G7-led sanctions on Russia's exports are not working...

The UK Labour Party's plans to hike energy levies further in the North Sea if it wins power as expected this year could risk much-needed...

Egypt has likely loaded its last LNG export cargo for the foreseeable future, as the Mediterranean country turns gas importer in a bid to stave off...

Washington is set to fast-track a fresh round of sanctions aimed at Iran's oil industry, but the effectiveness of the new measures appears uncertain...

OPEC has reiterated its position that the timetable for the switch to cleaner fuels needs a radical rethink, contending the current net-zero...

The world is on track to phase out the internal combustion engine, the IEA said Tuesday despite warnings

Kazakhstan and Azerbaijan are in negotiations over the possible export of up to 5 million mt per year of crude via Baku to the Black Sea...

The US State Department is to reimpose sanctions on Venezuela's oil industry, after the government of President Nicolas Maduro failed to uphold commitments...

Further releases of crude from the US Strategic Petroleum Reserve (SPR) have not been ruled out...

The US State Department looks set to reimpose sanctions on Venezuela's oil industry Thursday, barring a last-minute deal, with both sides...

China's market watchdog hiked the price ceilings for domestic gasoline and diesel for the second...

The United States is preparing to rollout a fresh round of sanctions aimed at Iran, although Washington may stop short of directly targeting oil sales...

US tight oil output is only expected to see modest gains over the coming months even with crude pricing near its highest levels in, with the...

Goldman Sachs said that the short-term outlook for oil prices will be largely determined by events in the Middle East and Israel's response...

Quantum Commodity Intelligence – South Korea will continue with its current tax-break policy on domestic road fuels and liquified petroleum gas for...