Asia Oil Policy News

The oil ministers of Saudi Arabia and the United Arab Emirates warned that spare capacity is decreasing in all energy sectors...

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday the gap between crude prices and prices for jet fuel, diesel and gasoline...

Global crude oil trade flows are set for a major shift if the EU follows through on threats to embargo...

The European Union is set to weaken its sanctions package on Russian oil after a weekend of wrangling, though it aims to keep a key provision on shipping that would...

Japan will slowly phase out oil imports from Russia while maintaining its interests in oil and gas projects in the Russian Far East...

Global oil demand is likely to have taken a 1 million bpd hit in the face of cargo rerouting from Russia...

The OPEC+ producer group stuck to its planned crude oil output increase during its meeting on Thursday, announcing a widely expected 432,000 bpd increase...

The United States is now preparing equally for both a scenario where there is a mutual return to compliance with Iran on a nuclear deal, as well as one in which...

Japan plans to spend 6.2 trillion yen ($48.2 billion) on additional gasoline subsidies, low-interest loans and cash assistance to...

Iran called on Monday for a new meeting "as soon as possible" in the talks that have been held in Vienna aimed at restoring the frayed 2015 nuclear deal...

Singapore has set out tax incentives slashing initial registration fees and annual tonnage taxes for national-flagged vessels...

Japan is looking to expand its consumer protection packages, including road fuel rebates and heating allowances...

The Pakistan government has taken its dispute against two trading firms to the London Court of International Arbitration...

Oil producer group OPEC told the IMF's steering committee that the surge in oil prices was largely due to the Ukraine crisis...

UK energy major Shell is in talks with three Chinese companies to sell its 27.5% stake in the...

The world requires a massive funding boost similar to that of the Marshall Plan at the end of the...

Russian oil major Rosneft is asking potential trade partners to pay for crude cargoes it is offering via tender upfront...

OPEC+ produced 1.45 million barrels per day (bpd) below its production targets in March, as Russian output began to decline...

President Vladimir Putin said Europe currently has no alternative to Russian gas supplies, and any attempt to...

OPEC has urged the UN to urge it to take in to account the adverse impact of cutting...