Oil Policy News

China is to limit its primary crude oil processing capacity in the next two years as the country looks to streamline its massive refinery industry amid...

The Chinese government trimmed fuel ceiling prices for the second time in a row as the crude oil market continued to soften owing to...

Big acquisitions by ExxonMobil and Chevron this week illustrate the long-term importance and health of the oil industry as well as the role...

Iraq has unveiled plans to cut greenhouse gas emissions associated with gas flaring, which it said will be the…

MEPs leading the EU parliament's proposal for ending the sale of fossil-fuelled trucks and lorries via GHG reduction targets voted...

Russia is aiming to ramp up supplies of liquified natural gas (LNG) to China via the North Sea Route (NSR) amid...

Vietnam is looking to extend its tax reduction for the domestic fuel market for another year in a bid to...

The US has suspended oil sanctions aimed at Venezuela for an initial period of six months...

Chinese exports of gasoline slumped almost 20% in September versus August...

South Korea will continue to curb fuel tax until the end of this year in the wake of the ongoing conflict...

The US and Venezuela have agreed a deal in principle that would ease sanctions aimed at the south American country's oil sector...

The US has imposed sanctions on two shipping companies for breaches of the price cap imposed on Russia oil sales...

Saudi Arabia's energy minister Prince Abdulaziz bin Salman has said the Kingdom's voluntary crude output reduction will continue for as long as it is necessary

South Korea is considering a further expansion of its crude oil stockpile as the ongoing clash...

China's state-backed economic planner has eased retail price ceilings for gasoline and diesel for the first time since...

The Chinese government is said to have issued a fourth round of crude oil import quota this year, the majority of which...

Norwegian oil and gas revenues will cool for a second straight year in 2024 on falling oil prices but despite an expected rise in natural gas prices and higher production levels for both...

South Korea will consider extending its tax cut on oil products until the end of 2023 to counter high inflation if...

The JMMC has reaffirmed OPEC+'s commitment to the current output policy, but the producer group said it is ready to take...

Switzerland-based carbon registry Gold Standard is seeking views on a proposed change to a methodology that would allow carbon credits to be generated from…