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...

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

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...

Spain's imports of Venezuelan crude oil surged to their highest levels in two decades, official data showed Wednesday, as unwinding US sanctions...

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...