Oil Policy News

Growing energy demand in non-OECD countries meant global fossil fuel usage hit a record high in 2023 despite decarbonisation efforts that...

European Union countries have added liquified natural gas (LNG) to the latest package of sanctions aimed at Russia...

Russian refined product exports are yet to pick up in June despite the reopening of some of its damaged refineries, a move that could be...

Global oil demand is expected to continue to rise for the next 10 years as wavering electric vehicle demand and higher energy consumption...

The US is prepared to release crude oil from the Strategic Petroleum Reserve as a counter to higher gasoline this summer if needed...

South Korea is to start walking back Covid-era road fuel tax cuts from as early as next month, signalling an end to long-running efforts to...

The UK on Thursday announced a new round of sanctions aimed at Russian, targeting the so-called 'shadow fleet'...

he US Environmental Protection Agency (EPA) was hit by three lawsuits Thursday representing more than 30 industry bodies...

The UK Labour Party, which is odds-on to form a new government next month, said Thursday it would bring forward plans to ban new...

India reached its targeted 15% ethanol blending (E15) in gasoline during May after the country was previously unable to make the target due...

Volumes of crude oil and refined products shipped via Africa's Cape of Good Hope have soared by 50% in the first five months of 2024...

Indonesia's state-owned energy firm Pertamina will acquire a Brazilian ethanol and sugar producer to ensure a supply of finished ethanol...

A new EU Parliament looks set to favour e-fuels and prolong the life of the internal combustion engine in road transport after right-wing...

New Zealand is set to scrap a 2018 ban on new oil and gas exploration amid concerns over its energy security...

OPEC+ continued to rein in production during May as Russia and Kazakhstan curtailed output, although Iraq again failed in its pledge...

The US has pushed through a law aimed at increasing the fuel efficiency of new vehicles sold in the country...

The US Department of Energy (DOE) returned to the market with its latest tender to secure crude oil as it continues to buy back inventories...

Diesel prices in Malaysia surged on Monday as the government scrapped its fuel subsidy policy in a bid to...

Russia continued reducing its oil output in May in accordance with its OPEC+ quotas on production and exports, according to...

The Norwegian Ministry of Energy has announced that three additional areas for CO2 storage will be made available...