Asia Oil Policy News

Saudi Arabia's crude production capacity is poised to reach 13.3 million to 13.4 million bpd by the end of 2026 or early-2027...

The Kurdistan Regional Government (KRG) has denied weekened reports from the state-run North Oil Company (NOC) that it had seized control over oil fields in Kirkuk...

ussian fuel oil arrivals in the UAE oil hub of Fujairah are set to jump sharply to about 2.5 million barrels in May, in a sign that flows...

British pop band Coldplay has come under fire from green groups by teaming up with the world's largest renewable fuels...

Global renewable energy capacity growth was at an all-time high in 2021 and looks set to have another strong year...

The oil ministers of Saudi Arabia and the United Arab Emirates warned that spare capacity is decreasing in all energy sectors...

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday the gap between crude prices and prices for jet fuel, diesel and gasoline...

Global crude oil trade flows are set for a major shift if the EU follows through on threats to embargo...

The European Union is set to weaken its sanctions package on Russian oil after a weekend of wrangling, though it aims to keep a key provision on shipping that would...

Japan will slowly phase out oil imports from Russia while maintaining its interests in oil and gas projects in the Russian Far East...

Global oil demand is likely to have taken a 1 million bpd hit in the face of cargo rerouting from Russia...

The OPEC+ producer group stuck to its planned crude oil output increase during its meeting on Thursday, announcing a widely expected 432,000 bpd increase...

The United States is now preparing equally for both a scenario where there is a mutual return to compliance with Iran on a nuclear deal, as well as one in which...

Japan plans to spend 6.2 trillion yen ($48.2 billion) on additional gasoline subsidies, low-interest loans and cash assistance to...

Iran called on Monday for a new meeting "as soon as possible" in the talks that have been held in Vienna aimed at restoring the frayed 2015 nuclear deal...

Singapore has set out tax incentives slashing initial registration fees and annual tonnage taxes for national-flagged vessels...

Japan is looking to expand its consumer protection packages, including road fuel rebates and heating allowances...

The Pakistan government has taken its dispute against two trading firms to the London Court of International Arbitration...

Oil producer group OPEC told the IMF's steering committee that the surge in oil prices was largely due to the Ukraine crisis...

UK energy major Shell is in talks with three Chinese companies to sell its 27.5% stake in the...