Europe Oil Policy News

European states are tightening enforcement of sanctions on Russia's shadow fleet by demanding stricter proof of insurance, targeting...

Ukraine is prepared to facilitate gas transit to Europe from non-Russian sources once its existing agreement with Russia expires, Prime...

Two Russian tankers broke apart in a violent Black Sea storm on 15 December, spilling thousands of tonnes of fuel oil near the Kerch Strait...

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...

Austrian energy company OMV has severed its long-standing natural gas supply contract with Gazprom, citing "multiple fundamental...

Lower oil prices and sufficient global supplies is allowing the US and its allies to look for "creative" ways to target Russia with additional sanctions...

Norway will halt public financing for new international fossil fuel projects from January 2025, delivering on a commitment...

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

The largest lawmaker group in the European Parliament is launching a campaign to weaken the EU's main policies for cutting CO2 emissions...

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

AI's integration into the oil and gas sector is revolutionising exploration, production, and distribution processes, the International...

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

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...

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

Chevron has criticized California lawmakers for passing a controversial bill that forces refiners to hold more inventories, saying it will only...

The UK automotive industry has issued a stark warning to policymakers Wednesday, calling for urgent government action to safeguard...

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...