Asia Oil Policy News

OPEC and its allies trimmed back production in September as field maintenance in Kazakhstan and political upheaval in Libya...

Libya's petroleum industry remained severely constrained heading into the back end of the week after rival factions made tentative...

OPEC+ is considering deferring planned production increases from October, with the producer group spooked by the slump in...

Indonesia is planning to build a reserve of crude oil, gasoline, and liquified petroleum gas in the next 10 years in a bid to shield itself from...

The Japanese Ministry of Finance said on Tuesday that it is ready to spend over JPY989 billion ($6.7 billion) of its 2024 fiscal reserve fund on...

Russia complied with its crude production quota last month under the terms of the OPEC+ agreement...

Two oil tankers have been targeted by missile strikes in the Red Sea in the latest incident to force commercial shipping out of the...

A salvage operation is expected to get underway in a bid to avert a major environmental disaster in the Red Sea...

Russia has banned public reporting on industrial output of refined oil products by its statistics ministry, further limiting information...

A slowdown in China's oil demand growth could mean crude oil prices slipping as low as $68/b next year with an economic slowdown and...

The South Korean government said on Wednesday it would further extend tax breaks on road fuel for another two months as global oil price...

Kazakhstan's crude oil output inched higher through July despite pledges to cut production as it looks to meet its OPEC+ quota allocation...

China has completed construction of one of the largest rigs in the world, which will be shipped to Saudi Arabia as part of the expansion...

India's prime minister's office is mulling plans to blend ethanol into diesel as...

European natural gas prices consolidated at this week's yearly highs Friday, as heightened tensions on the Russia-Ukraine border...

A crude oil tanker transiting the Red Sea has been targeted in a series of attacks, the latest in a string of strikes aimed at forcing commercial...

Local authorities in the semi-autonomous region of northern Iraq have launched a clampdown on unlicensed refining operations in a bid to tackle...

Oil production from the 12 core OPEC members increased during July, as Iraq was again was the primary overproducer despite pledging...

The OPEC+ JMMC has not recommended any immediate changes to the producer alliance's current production policy...

Russia has extended a ban on gasoline exports set to run through August until the end of October until the end of September, confirming...