Asia Oil Policy News

Export flows of Iranian crude oil have continued despite the latest round of US sanctions as Tehran continues to attract more vessels to join...

Wood Mackenzie expects global oil benchmark Brent prices to average $73/b this year, down $7/b...

The South Korean government said it will boost crude oil reserves to a new record high and raise road fuel stockpiles this year to hedge against supply...

The Australian government needs to offer additional support and stronger incentives to the ammonia industry — and other industrial sectors — in Western Australia to help slow the region's growing gas demand and accelerate the adoption of green hydrogen ...

Mining explosives producer Orica has called for Australia to introduce a gas reservation policy to bolster the competitiveness of the country's domestic manufacturing, especially its nitrogen-based chemical output...

Kazakhstan's crude oil production surged 15% in February to 1.79 million bpd, driven by increased output from Chevron's expanded Tengiz...

Turkey and Iraq held wide-ranging discussion on energy policy over the weekend, including a resumption of flows through the Kirkuk-Ceyhan...

Washington has hit Iran with a further round of sanctions, targeting Tehran's shadow fleet of tankers and Oil Minister Mohsen Paknejad...

India will need about INR 25 billion ($287 million) in investment to reach 5% biodiesel blending by 2030 while developing a feedstock...

Turkey's national oil producer TPAO has agreed to form a joint venture with US shale producer Continental Resources to develop tight oil...

The Canadian province of Alberta and Japan's JOGMEC have signed an MOU to collaborate in various energy-related fields, including ammonia, hydrogen and CCUS...

The investment arm of the UAE's Adnoc will make significant investments in US natural gas this year via its XRG investment arm...

Indonesia plans to build multiple new oil refineries with a total capacity of 1 million barrels per day, doubling previous targets, Energy Minister...

Of the $400 billion in total oil and gas investments this year, some $360 billion is going towards offsetting...

Iran's Supreme Leader hit back over the weekend at what Tehran views as strongarm tactics from US President Donald Trump over its...

OPEC+ countries are ready to start cutting production again in case of disruptions in the oil market, Russian Deputy Prime Minister...

Kazakhstan has tasked oil majors operating in the country with cutting output as the country struggles to meet its OPEC+ production...

Oil production from the 12 core OPEC members increased for the first time in three months during February led by gains in...

Beijing said it would ramp up strategic reserves of key commodities, including fuels and food, as trade tensions with the US heat up after the two countries...

The OPEC+ move to start unwinding cuts from April was driven by in-house wranglings over compliance rather than external political factors...