Oil Policy News

Washington is set to fast-track a fresh round of sanctions aimed at Iran's oil industry, but the effectiveness of the new measures appears uncertain...

OPEC has reiterated its position that the timetable for the switch to cleaner fuels needs a radical rethink, contending the current net-zero...

The world is on track to phase out the internal combustion engine, the IEA said Tuesday despite warnings

Kazakhstan and Azerbaijan are in negotiations over the possible export of up to 5 million mt per year of crude via Baku to the Black Sea...

The US State Department is to reimpose sanctions on Venezuela's oil industry, after the government of President Nicolas Maduro failed to uphold commitments...

Further releases of crude from the US Strategic Petroleum Reserve (SPR) have not been ruled out...

The US State Department looks set to reimpose sanctions on Venezuela's oil industry Thursday, barring a last-minute deal, with both sides...

China's market watchdog hiked the price ceilings for domestic gasoline and diesel for the second...

The United States is preparing to rollout a fresh round of sanctions aimed at Iran, although Washington may stop short of directly targeting oil sales...

US tight oil output is only expected to see modest gains over the coming months even with crude pricing near its highest levels in, with the...

Goldman Sachs said that the short-term outlook for oil prices will be largely determined by events in the Middle East and Israel's response...

Quantum Commodity Intelligence – South Korea will continue with its current tax-break policy on domestic road fuels and liquified petroleum gas for...

China could be considering a large second batch of oil product export quota as rising gasoline prices...

EU lawmakers have rubber-stamped new rules that would allow member states to ban imports of Russian LNG, although it is unclear whether...

The EU Parliament has voted in favour of a draft law almost entirely phasing out trucks and lorries powered by conventional engines by 2040...

Global oil consumption is continuing to grow and will hit a record 102.9 million bpd this year due to demand growth led by China and India, the...

Iraq is in the process of repairing an oil pipeline to export crude to Turkey, which could act as an alternative to the Kirkuk-Ceyhan pipeline...

Global oil markets are set to tighten in the second half 2024, which could in turn constrain demand unless OPEC starts unwinding production cuts...

A senior US government official said that Washington has not asked India to reduce Russia crude oil imports, but reiterated that unrestricted...

The UK Parliament committee in charge of measuring progress on green goals has called for the government to bring forward a review...