Asia Oil Policy News

Exports of Mexican crude to the US in January sank to the lowest levels in 44 years as the Latin American...

Middle East benchmark Dubai registered the lowest post-Covid average in March, coinciding with the first planned hike in OPEC+...

US President Donald Trump warned he could impose secondary tariffs of up to 50% on countries buying Russian oil if Moscow...

Diesel margins fell under pressure in the West of Suez market this week as concerns over the implications of Washington's tariffs...

The Chinese government has issued the second tranche of clean oil product export allowance for this year, while an additional batch of fuel oil export quotas...

The US was the largest LNG exporter in the world for another year despite unplanned outages at some...

Dubai crude extended gains against Brent this week, lifted by tightening sour supply as the market prepares for the impact of US...

The US, Ukraine and Russia have agreed to a ceasefire on the Black Sea that will halt attacks on commercial shipping in the region in a...

The Trump administration has extended the wind-down period for Chevron's E&P activities in Venezuela to 27 May from an earlier target...

The US's plans to impose a hefty fee on China-made ships visiting American ports could impact trade in Guyana's and the region...

The US government will host two public hearings to get feedback from industries on a proposal to target...

Global oil demand growth slowed sharply in 2024, rising just 0.8%, as surging electricity consumption and structural changes in...

A senior Israeli delegation is set to visit the White House early next week for strategic discussions about Iran and its nuclear program...

China's crude oil refining capacity is expected to drop to around 900 million mt per year and stabilise there as more independent...

President Donald Trump's letter to Iran's Supreme Leader included a two-month deadline for a nuclear deal, according to the Axios website...

Export flows of Iranian crude oil have continued despite the latest round of US sanctions as Tehran continues to attract more vessels to join...

Wood Mackenzie expects global oil benchmark Brent prices to average $73/b this year, down $7/b...

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...