Oil Policy News

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...

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...

The US state of Maine has filed a lawsuit against major oil companies, joining a wave of legal challenges seeking to hold the fossil fuel...

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

Alaska North Slope crude oil production in October hit a six-month high and rose above the year-to-date average...

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

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

US President-elect Donald Trump has vowed to impose 25% tariffs on all imports from Canada and Mexico, escalating tensions in North...

California Governor Gavin Newsom said Monday he would restart the state's electric vehicle (EV) rebate...

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...

Swedish battery maker Northvolt has filed for Chapter 11 bankruptcy protection in the US, dealing a blow to Europe's efforts to...

Upcoming emission regulations in the Mediterranean are set to tighten ultra-low sulphur fuel oil (ULSFO) supplies and redirect very...

The International Energy Agency (IEA) has faced sharp criticism from US lawmakers over recent weeks, with Republicans officials expressing...

Donald Trump has named Howard Lutnick, CEO of Cantor Fitzgerald, as his pick for US Commerce Secretary, tasking the billionaire with...