Asia Oil Policy News

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...

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...

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...

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...

Singapore's approach to building a sustainable aviation fuel ecosystem is to strike a balance between economic competitiveness and...

Ukrainian forces have struck another Russian refinery in the latest in a wave of drone attacks, with social media footage posted Tuesday...

Moscow has ordered Russian oil producers to rein in production with combined output set to be capped at 9 million bpd to ensure...

India's Reliance Industries has halted oil imports moved by Sovcomflot after the US targeted Russia's largest tanker operator with...

Chinese demand for refined oil products could fall sharply in the coming years as Beijing continues to expand...

Oil and gas executives attending this week's CERAWeek in Houston remain relatively upbeat on the outlook for global LNG markets...

Iraq has reiterated its pledge to rein in crude oil output and exports, having topped the list of OPEC+ overproducers during the first two months...

Saudi Aramco President & CEO Amin Nasser said governments and policymakers should give up on the "fantasy" of phasing out oil and gas...

India's Reserve Bank has asked state-owned refiners to push Middle East Gulf crude oil suppliers to accept at least 10% of payments in rupees...

The Rubymar bulk carrier hit by Yemeni missile strikes near Bab al-Mandeb on February 18, has sunk according to US Central Command...