Oil Policy News

The South Korean government said it will boost crude oil reserves to a new record high and raise road fuel stockpiles this year to hedge against supply...

The Australian government needs to offer additional support and stronger incentives to the ammonia industry — and other industrial sectors — in Western Australia to help slow the region's growing gas demand and accelerate the adoption of green hydrogen ...

Mining explosives producer Orica has called for Australia to introduce a gas reservation policy to bolster the competitiveness of the country's domestic manufacturing, especially its nitrogen-based chemical output...

Ukraine used a domestically developed long-range missile to strike Russia's Tuapse refinery last week, marking a significant increase in...

Kazakhstan's crude oil production surged 15% in February to 1.79 million bpd, driven by increased output from Chevron's expanded Tengiz...

Turkey and Iraq held wide-ranging discussion on energy policy over the weekend, including a resumption of flows through the Kirkuk-Ceyhan...

Williams Partners is keen on reviving the canceled Constitution gas pipeline project in the Northeast only if...

A licence allowing Russian financial institutions access to US payment systems for energy transactions expired on Wednesday, a...

A Ukrainian drone strike set fire to a gasoline storage tank at Russia's Tuapse refinery overnight on 14 March, according to Krasnodar...

The US Export-Import Bank (Exim) approved a $4.7 billion loan on Thursday for TotalEnergies' Mozambique LNG project, clearing the way...

The US Environmental Protection Agency is to roll back a long list of measures that have curbed fossil fuel use in the world's biggest economy...

Washington has hit Iran with a further round of sanctions, targeting Tehran's shadow fleet of tankers and Oil Minister Mohsen Paknejad...

India will need about INR 25 billion ($287 million) in investment to reach 5% biodiesel blending by 2030 while developing a feedstock...

Turkey's national oil producer TPAO has agreed to form a joint venture with US shale producer Continental Resources to develop tight oil...

The Department of Interior is seeking to pare red tape that has been weighing down project applications...

ExxonMobil plans to raise its liquids production globally to 5.4 million boed by the end of this decade...

The Canadian province of Alberta and Japan's JOGMEC have signed an MOU to collaborate in various energy-related fields, including ammonia, hydrogen and CCUS...

The investment arm of the UAE's Adnoc will make significant investments in US natural gas this year via its XRG investment arm...

Indonesia plans to build multiple new oil refineries with a total capacity of 1 million barrels per day, doubling previous targets, Energy Minister...

Inflation will be elevated over the next six to nine months and this pressure will come mainly from a shortage...