Asia Oil Policy News

European natural gas futures jumped 3% on Thursday as Russia followed through on threats to demand payment...

The OPEC+ producer group stuck to its planned crude oil output increase during its meeting on Thursday...

A crude oil stock release from the US SPR will support oil demand and slow the needed acceleration in US shale...

Glencore has joined a growing list of companies saying it will not enter any new commodity trading business with...

Japan has raised its fuel subsidy back to its upper ceiling of JPY 25/l ($0.21) as gasoline prices showed signs...

Sanctioned Russian pipeline operator Transneft is running out of space to store oil and has to...

New Zealand's government plans to go ahead with plans to implement a biofuel mandate, possibly as soon as...

India does not hold any rupee-nominated crude oil contracts with Russia and is not considering...

The US wants to introduce a new oil revenue mechanism in Libya in a bid to break the stalemate...

The US Special Envoy for Iran said Sunday that a deal to restore the Iranian nuclear accord is not imminent with...

Chinese state-run refiner Sinopec has halted development of a $500 million petrochemical project in Russia...

The US and the UK are working together to boost shipments of liquified natural gas (LNG)...

Japan has lowered its road fuel subsidy for the first time since the start of the year, cutting its rebate to...

Dutch lender ING will no longer provide financing for new oil and gas fields while it pledged...

The global economy is at risk of tumbling into a recession if the bulk of Russia's energy...

Non-fossil fuel-based energy will make up a fifth of China's total energy consumption by the...

Russia has responded to reports that Europe is considering a further round of sanctions against it...

The world's three largest oil service companies will either halt new investments in Russia...

The International Energy Agency proposed to cut oil demand in the transport sector...

Indonesia has reversed course on export controls for crude palm oil and will instead bump up maximum export taxes as...