Oil Policy News

An expected surge in the electrification of road transport will lead to a 50% cut in global refining capacity by 2050, causing a shortage of jet fuel, fuel oil and petrochemicals...

Vitol's Singaporean bunker subsidiary has placed an order to build two electric-hybrid bunker tankers, which will be...

Russia lowered its crude export duty to $62.80/mt from $64.60/mt effective October 1, after average Urals oil prices were...

The Norwegian Labour party will start coalition talks from tomorrow likely without the Green Party after the anti-oil faction took fewer seats than expected...

The UK Government will back further development of Britain's North Sea oil and gas fields over the next decade...

Japan's wholesale inflation price index remained steady in August, hovering near a 13-year high as the effects of...

The Arab Petroleum Investments Corporation (APICORP) plans to allocate $1 billion to green energy projects...

Total Azerbaijani oil production in August eased for a second straight month and fell short of its OPEC+ target...

Crude oil loadings have restarted at the ports of Ras Lanuf and Es Sider in eastern Libya on Friday...

The US Department of Energy (DOE) loaned a further 1.5 million barrels of crude oil from its Strategic Petroleum Reserve...

China will release some of its crude oil reserves for the first time to ease price inflation faced by...

Depressed freight rates over the winter in the northern hemisphere will continue to leave the global oil tanker market suffering losses...

Russia's government has proposed a fresh attempt at launching domestically traded crude oil futures, with the Asia-focused...

BP and Macquarie Capital are performing a feasibility study in converting BP's Western Australian...

Denmark cut its oil and gas production forecast for the next five years by 14% and 30%...

The International Chamber of Shipping (ICS) has called for a global levy on the maritime industry's carbon emissions rather than a piecemeal approach...

One of the Netherlands' largest pension funds PME said it has completed its exit from fossil...

Saudi Arabia intends to build a trading platform for carbon credits and offsets within the Middle East and North Africa...

Global carbon neutrality goals will cost Russia as much as $179 billion a year in lost revenues by 2035 and $192 billion by...

US President Biden has directed the Department of Energy to use all available options including...