Oil Policy News

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...

US refiner PBF Energy has responded to criticism from Californian lawmakers that have accused the company and its peers of ripping off...

Spain's governing Socialist party reached an agreement Thursday to scrap its energy windfall tax that has been heavily criticised...

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

Ukraine and Russia have started early talks that would see the two belligerents avoiding attacking each other's energy infrastructure...

Global energy major Saudi Aramco is exploring investment opportunities in Vietnam's oil market in a bid to streamline its crude flows...

Kazakhstan expects to cut its official crude oil output figure for the year after an extended maintenance break at one of its major...

Austrian oil producer and refiner has said that it is not financially dependent on Russian gas after having successfully diversified its import...

The US has tendered for up to 3 million barrels of US-origin crude oil for delivery into its Bryan Mound SPR site...

Russian gas and LNG producer Novatek has shut the only operating train at its Arctic LNG 2 project and will cease commercial operations at...

China's oil giant PetroChina is shutting down its 410,000 bpd Dalian refinery amid weaker refining margins and is eyeing a new refining...

Iraq has once again reaffirmed its commitment to OPEC+, pledging to cut output and produce within targets set by...

Nigeria's Dangote refinery has shipped its first gasoline cargo as operations at its vital RFCC unit continue to ramp up...

South Korea may consider extending fuel tax cuts further if the current volatility in the global oil market persists beyond 2024, the...

Energy giants QatarEnergy and ExxonMobil have been granted a three-year extension to construct the joint-venture Golden Pass LNG terminal...

Iraq's crude sales were steady last month as it shipped 3.31 million bpd of crude through September, its oil ministry said Thursday...

UK car output declined for the seventh consecutive month in September as manufacturers diverted production towards zero...

The IMF trimmed GDP forecasts in China as macroeconomic weakness continues to grip the nation...