Oil Policy News

The UK government on Wednesday has committed up to £20 billion ($24 billion) over the next 20 years for carbon capture projects to help cut emissions...

Iran's oil exports are continuing to rise despite US efforts to sanction the country and its oil sector, with the...

Oil giant BP's total scope 1 and 2 greenhouse gas (GHG) emissions fell 10% in 2022 compared with...

Japanese oil firm Inpex is to trial importing a small parcel of crude oil shipped from Kazakhstan via...

Shell expects to pay around $1.5 billion a year to offset the cost of its carbon emissions in 10 years' time, the company...

Energy major TotalEnergies CEO Patrick Pouyanne said the US Inflation Reduction Act's energy transition support is...

EU countries leading the counter-push against a ban on fossil-fuelled cars stand to be amongst the biggest losers in the...

Russia's refinery output was up slightly in February even as an EU embargo on imports from the country...

The EU Commission will counter US green subsidies to retain low carbon investment in Europe, President...

The EU has delayed indefinitely a vote on the future of fossil fuel cars which would have banned new sales from 2035 after...

A group of UK lawmakers has urged the government to change its technology-neutral approach...

Global energy-related carbon dioxide emissions rose less than expected last year, with clean energy growth...

Russia can develop its own crude oil price benchmark in 2023 as the country comes to terms with increasingly...

Brazil will partially restore federal sales taxes on gasoline and ethanol, ending months of tax exemptions and helping to...

Germany could abstain in a vote scheduled for next Tuesday to decide the future of the combustion engine in Europe...

German transport ministers have doubled down this week on calls for a future for e-fuels in Europe's road fuel mix after...

Italy will block proposed EU emissions laws cutting the amount of new internal combustion engine trucks that can be sold...

Brazil will go ahead with its planned reintroduction of federal sales taxes on gasoline and ethanol at the start of March...

The Indonesian government's intention to integrate fossil gas power plants into the Just Energy Transition...

Russia has so far decided to only cut its oil production for March with further adjustments from April...