Asia Oil Policy News

A potential peace deal between Russia and Ukraine could weigh on oil prices by shortening tanker routes, easing sanctions-driven...

Beijing is on track to remove consumption tax rebates for local refiners using heavy fuel oil as a feedstock in the latest round of shakeups that could further...

Oil prices fell for a second session on Thursday as markets reacted to US President Donald Trump's announcement that Washington and Moscow...

India's LNG imports are poised for further growth as the country ramps up infrastructure and cements natural gas as a pillar of its...

India is open to buying more Venezuelan crude oil for its booming refining sector and is in discussions to get further deals over the...

Asian fuel oil prices continued to trade higher than Brent crude during Tuesday's session as the market continues to price in the impact...

Japan is interested in importing ammonia and bioethanol from the USA, in addition to LNG, Prime Minister Shigeru Ishiba said on Friday at his press conference with President Trump...

Singapore gasoline cracks hit their highest levels since May during trade at the start of the week as expectations of lower exports out of...

South Korea will extend its tax cuts for gasoline, diesel and LPG for three more months as the country's inflation continue to creep higher, the acting president Choi Sang-mok announced...

Goldman Sachs expects that China's retaliatory sanctions aimed at US goods will have a limited impact, causing only shipments to...

US President Donald Trump has signed off on legislation aimed at restoring "maximum pressure" on Iran, which are set to impact oil...

The International Maritime Organization has agreed to a draft circular for the carriage of up to 30% marine biofuels blend by conventional...

China will impose tariffs on a range of US exports, including crude oil and liquefied natural gas, escalating trade tensions following new US...

Iraq's parliament has approved legislation that could open the way for a resumption of exports from the semi-autonomous Kurdish region...

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any immediate changes to the producer alliance's current...

Panama will ensure free passage for US Navy vessels through the Panama Canal and plans to withdraw from China's Belt and Road...

Bangladesh has signed a HOA with the Louisiana-based Argent LLC to purchase up to 5 million tons per annum (mtpa) of LNG...

Key OPEC ministers have met in Riyadh after President Trump called on the group to pump more oil...

Russian crude oil arrivals in India are set to continue rising in February despite the latest Western sanctions targeting Moscow's...

Kazakhstan has sent its first crude oil shipment from the Kashagan field through the Caspian Sea to Azerbaijan's port of Baku, state-owned...