Oil Policy News

The latest attack on an oil tanker off the coast of Yemen sparked renewed shipping tensions in the region after what has been a relatively quiet...

Iraq's Southern Refineries Company has inked an MOU with China National Chemical...

Indonesia will look to replace all of its fossil diesel imports with locally produced biodiesel, cutting $20 billion off the country's fuel bill, as...

A US appeals court Monday confirmed biofuel blend targets for the years 2020-22 after both oil refiners and biofuel producers had pushed for...

OPEC and its allies reduced output by over 200,000 bpd largely on Russian cuts, but worryingly for the alliance Iraq continues...

The EU has signed off on a new law phasing out the use of fossil-powered trucks and lorries after member states Monday formally adopted...

Iraq is onboard with extending OPEC+ production cuts beyond the current quarter, clarifying reports from the weekend suggesting that Baghdad...

A lobby group representing major oil companies has called for increased carbon taxes and the adoption of emissions trading systems...

Scrubber installations in oceangoing vessels can expect to breakeven in about five years, although the use of open loop systems is...

Toronto-based lobby group Carbon Removal Canada (CRC) is seeking views for its upcoming proposal on how an effective government ...

The US is set to resume its Strategic Petroleum Reserve (SPR) buyback program after issuing a tender for October-delivery crude...

Beijing has issued its second batch of export quota for refined oil products this year at 14 million mt, according to...

The US has sufficient supplies in its  SPR to cope with any potential needs, despite the record sales in 2022 and a relatively slow buy-back program...

Threats from Houthi militants to target commercial vessels in the eastern Mediterranean has put the shipping industry on high alert...

The rally in high sulfur fuel oil margins showed no sign of slowing down this week as bullishness for the sector was given a further boost by a...

Russia's gas giant Gazprom swung to a massive $7 billion loss last year, its biggest in at least a quarter of a century...

The use of renewable diesel surpassed that of conventional fossil diesel in California for the first time last year and hit a record share of all...

The development of a global parallel trade in crude oil and refined products means G7-led sanctions on Russia's exports are not working...

The UK Labour Party's plans to hike energy levies further in the North Sea if it wins power as expected this year could risk much-needed...

Egypt has likely loaded its last LNG export cargo for the foreseeable future, as the Mediterranean country turns gas importer in a bid to stave off...