Asia Oil Policy News

Goldman Sachs has flagged a turbulent year ahead for the oil market in 2025, with downside risks outweighing short-term upside potential...

OPEC+ will hold its early December ministerial meeting online rather than in person, according to newswire reports citing OPEC sources...

The UK has sanctioned 30 tankers from Russia's so-called shadow fleet, marking its largest-ever crackdown on vessels transporting Russian...

The US Treasury Department is scrutinising the relationship between JPMorgan and a hedge fund reportedly part of a network operated...

The Chinese government has reportedly granted a new batch of crude oil import quotas to an independent refiner for prompt cargo arrivals...

Kazakhstan has lowered its 2024 oil production forecast to 88.4 million mt, or 1.77 million bpd, down from an earlier projection of over...

Iran has provisionally agreed to limit stockpiles of near-weapons grade uranium and has made preparations to cap volumes...

China is set to cut tax rebates for clean oil product exports, signalling a broader effort by Beijing to rein in fiscal spending as it...

South Korea has officially opened a new LNG and oil tank storage hub in Ulsan this week and is eying to expand the facility to store ammonia...

Sinopec has started up a 1.2 million mt per year ethylene plant in Tianjin, northern China, boosting its capacity in the region to 2.5 million mt...

OPEC has trimmed its forecast for global oil demand in 2024 for a fourth consecutive month, as tepid growth from China continued to drag...

An appeals court in the Netherlands has overturned a 2021 ruling that compelled...

Japan's minority government will extend costly consumer support measures aimed at capping gasoline prices into 2025 as it looks to...

The Japanese government has announced a target to blend 10% ethanol in gasoline by 2030, rising to 20% in 2040...

The global crude oil market saw prices trading lower on Friday despite the Chinese government announcing a massive $1.4 trillion stimulus package...

Officials in Beijing have greenlighted a new non-state-owned crude oil importer despite ongoing headwinds that have seen refinery...

TotalEnergies has upped its global energy demand outlook on rising living standards in the Global South with that rise mostly met by oil and...

Investors see little prospect of global energy demand growth slowing and have urged more cash is needed to match it to avoid…

A Bashneft refinery in the Russian Republic of Bashkortostan was targeted in a Ukrainian drone attack overnight, the first apparent...

OPEC+ is considering a further delay to scheduled planned production increases according to Reuters, while the broader market is split...