Oil Policy News

US oil production will reach a fresh annual average record of 13.7 million bpd in 2025, led by further growth from the giant Permian Basin...

A slowdown in China's oil demand growth could mean crude oil prices slipping as low as $68/b next year with an economic slowdown and...

Nigeria's massive new Dangote refinery is on track for its first gasoline production next month, government officials said Wednesday, but...

The South Korean government said on Wednesday it would further extend tax breaks on road fuel for another two months as global oil price...

International crude exports from land-locked Niger are set to resume after the West African state reached an uneasy truce with...

Ukraine's incursion into Russia's Kursk region has scotched proposed talks between Kyiv and Moscow that would have sought to halt...

California Governor Gavin Newsom is planning legislation that requires refiners in the state...

Kazakhstan's crude oil output inched higher through July despite pledges to cut production as it looks to meet its OPEC+ quota allocation...

A trial date has been set for the former Trafigura executive, Mike Wainwright, on charges related to bribery allegations...

California's Richmond City Council has voted unanimously to approve a $550 million settlement from Chevron...

The US unit of commodities trader Vitol has been hit with a $500,000 fine by the Commodity Futures Trading Commission (CFTC) for...

Brazil is set to beef up LNG imports to make up for the loss in hydropower generation caused by this year's droughts...

Russia has extended a gasoline export ban until the end of 2024, government officials were quoted by Interfax Wednesday...

The California Air Resources Board has proposed to nearly double its 2025 carbon intensity reduction targets for transportation fuel and...

China has completed construction of one of the largest rigs in the world, which will be shipped to Saudi Arabia as part of the expansion...

The US Department of Energy has tendered to buy another 6 million barrels to top up its depleted Strategic Petroleum Reserve...

India's prime minister's office is mulling plans to blend ethanol into diesel as...

European natural gas prices consolidated at this week's yearly highs Friday, as heightened tensions on the Russia-Ukraine border...

A crude oil tanker transiting the Red Sea has been targeted in a series of attacks, the latest in a string of strikes aimed at forcing commercial...

BP and Shell have offered to contribute up to $15 million in financing to the South African government as it weighs up a deal to...