Oil Policy News

Libya's oil production has started to recover after its largest oil field of El Sharara resumed...

Italian firm Eni SpA and Spain's Repsol SA could start shipping Venezuelan oil to Europe as soon as next month to cover the shortfall...

The Pakistani government has agreed to further cuts to fuel subsidies in order to cut its budget deficit and...

The state of New York in the US became the latest to suspend taxes on road fuels Wednesday and take a hit to budgets...

Britain's regulator has approved Shell's revised plan to develop a North Sea natural gas field...

The share of the world's population with access to affordable energy and clean cooking solutions is on the rise...

The US is likely to increase its 2021 blending mandate above that proposed in December to match actual consumption...

The OPEC+ Joint Technical Committee in its meeting Wednesday has revised downwards its global oil surplus outlook, but did not discuss...

Spanish gasoline demand jumped 9% in April to hits its highest level for the month since 2009 after...

The EU and UK will halt Russian oil cargoes from their insurance markets as part of a latest round of sanctions...

Some OPEC members are exploring the idea of suspending Russia's participation in an oil-production deal as Western sanctions and a partial European ban begin to...

Low sulfur gasoil refining margins had jumped over $5/b by the European close on Tuesday to reach a...

Shell and Denmark's Orsted have lost access to Russian gas supplies after declining to pay in roubles, Gazprom Export said...

The EU's decision to phase out most of its Russian crude oil imports will tighten the...

European Union leaders agreed to a compromise deal late Monday to ban up to 90% of Russian oil...

Russia should cut its crude oil output by almost a third to push global prices higher and offset the effects of...

Diesel inventories in Brazil are enough to cover 38 days of imports said the Ministry of Mines & Energy after an open...

Members of the core OPEC producer group may soon need to change their policy to defend...

The UK government has hit its oil and gas sector with a 25% windfall tax on soaring profits, taking a chunk...

India is set to continue buying discounted crude oil from Russia and is in talks to finalize pricing mechanisms...