Europe Oil Policy News

Egypt has likely loaded its last LNG export cargo for the foreseeable future, as the Mediterranean country turns gas importer in a bid to stave off...

OPEC has reiterated its position that the timetable for the switch to cleaner fuels needs a radical rethink, contending the current net-zero...

The world is on track to phase out the internal combustion engine, the IEA said Tuesday despite warnings

Kazakhstan and Azerbaijan are in negotiations over the possible export of up to 5 million mt per year of crude via Baku to the Black Sea...

The US State Department is to reimpose sanctions on Venezuela's oil industry, after the government of President Nicolas Maduro failed to uphold commitments...

The US State Department looks set to reimpose sanctions on Venezuela's oil industry Thursday, barring a last-minute deal, with both sides...

Goldman Sachs said that the short-term outlook for oil prices will be largely determined by events in the Middle East and Israel's response...

EU lawmakers have rubber-stamped new rules that would allow member states to ban imports of Russian LNG, although it is unclear whether...

The EU Parliament has voted in favour of a draft law almost entirely phasing out trucks and lorries powered by conventional engines by 2040...

Global oil consumption is continuing to grow and will hit a record 102.9 million bpd this year due to demand growth led by China and India, the...

Iraq is in the process of repairing an oil pipeline to export crude to Turkey, which could act as an alternative to the Kirkuk-Ceyhan pipeline...

Global oil markets are set to tighten in the second half 2024, which could in turn constrain demand unless OPEC starts unwinding production cuts...

A senior US government official said that Washington has not asked India to reduce Russia crude oil imports, but reiterated that unrestricted...

The UK Parliament committee in charge of measuring progress on green goals has called for the government to bring forward a review...

Ukrainian forces have struck another Russian refinery in the latest in a wave of drone attacks, with social media footage posted Tuesday...

Mexico is to reign in exports of its heavy crude oil exports with state-owned energy firm Pemex notifying some customers that term contracts...

The UK government said Wednesday that new oil and gas developments in the North Sea will not be approved without significant measures to reduce carbon emissions...

Moscow has ordered Russian oil producers to rein in production with combined output set to be capped at 9 million bpd to ensure...

Ukrainian drone strikes on Russia's oil processing infrastructure resumed over the weekend...

India's Reliance Industries has halted oil imports moved by Sovcomflot after the US targeted Russia's largest tanker operator with...