Asia Oil Policy News

The Chinese government issued its first slice of clean oil product export allowance for next year at 19 million mt, according to local...

Indian Oil Corporation (IOCL) will invest $7 billion to develop a naphtha cracker complex in Paradip, a port city in eastern India's Odisha state...

Naphtha cracks in Asia hit their highest levels in a month and a half during Monday's trading session as Chinese government stimulus...

Syria's Baniyas oil refinery has ceased operations after the flow of Iranian crude, which historically accounted for 90% of its supply, was...

Israel launched airstrikes on Yemeni energy infrastructure early 19 December, targeting ports and power stations in response to Houthi...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...

The US Energy Information Administration (EIA) has lowered its 2025 Brent crude oil price forecast to under $74/b, down from almost...

China's oil demand could peak as early as 2025, five years sooner than previously forecast, driven by the rapid adoption of electric vehicles...

Residual fuel exports from Mexico to Asia could jump next month if the incoming US president Donald Trump were to follow through on his...

Washington has confirmed the latest round of sanctions targeting on 35 entities and vessels that it believes play a critical role in transporting...

Any retalitory tariffs from China on US imports would have a serious damage on Chinese petrochemcial crackers that heavily reliant on cheap...

Efforts to forge the first global treaty on plastic pollution collapsed in Busan over the weekend, as oil-producing nations blocked attempts...

China's sustainable aviation fuel supply could exceed domestic demand by around 16 million mt by 2030 and supply-side fiscal support is...

Donald Trump is considering expanding sanctions on Iran to include neighbouring Iraq, targeting OPEC's second-largest crude producer and a...

China is expected to put in a place a separate customs description code for sustainable aviation fuel later this year or in early 2025 in order...

South Korea will extend fuel tax cuts for an additional two months to ease energy costs during the peak winter demand season, as...

OPEC+ has delayed this weekend's planned meeting until 5 December, with the official communique citing a scheduling conflict...

Citi has reaffirmed its bearish $60/b Brent forecast for 2025, citing a looming supply surplus and weak demand as persistent challenges...

Kurdistan's Prime Minister Masrour Barzani has accused Iraq's federal government of causing $20 billion in losses due to the closure...