Asia Oil Policy News

Russia's April crude oil output exceeded its OPEC+ quota allocation, with the energy ministry citing "technical" reasons for missing its target...

The latest attack on an oil tanker off the coast of Yemen sparked renewed shipping tensions in the region after what has been a relatively quiet...

Iraq's Southern Refineries Company has inked an MOU with China National Chemical...

Indonesia will look to replace all of its fossil diesel imports with locally produced biodiesel, cutting $20 billion off the country's fuel bill, as...

OPEC and its allies reduced output by over 200,000 bpd largely on Russian cuts, but worryingly for the alliance Iraq continues...

Iraq is onboard with extending OPEC+ production cuts beyond the current quarter, clarifying reports from the weekend suggesting that Baghdad...

A lobby group representing major oil companies has called for increased carbon taxes and the adoption of emissions trading systems...

Scrubber installations in oceangoing vessels can expect to breakeven in about five years, although the use of open loop systems is...

Beijing has issued its second batch of export quota for refined oil products this year at 14 million mt, according to...

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...

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

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...

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...

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...