Asia Oil Policy News

China will introduce a new customs code for fuel oil imports in the new year in a bid to tighten regulation around a market used by...

The Chinese government has granted a second batch of crude oil import quotas for non-state refiners in 2025 to bring the cumulative allocation for...

Shell has halted operations at an oil processing unit at its Pulau Bukom refinery in Singapore to investigate a suspected leak, the...

Indian refiner Bharat Petroleum Corporation Ltd (BPCL) is set to invest $11 billion in a new refinery and petrochemical complex in...

The Aleksey Kosygin, Russia's first domestically built ice-class LNG carrier, has begun sea trials from the Zvezda shipyard near Vladivostok...

The Chinese government issued its first slice of clean oil product export allowance for next year at 19 million mt, according to local...

Indian Oil Corporation (IOCL) will invest $7 billion to develop a naphtha cracker complex in Paradip, a port city in eastern India's Odisha state...

Naphtha cracks in Asia hit their highest levels in a month and a half during Monday's trading session as Chinese government stimulus...

Syria's Baniyas oil refinery has ceased operations after the flow of Iranian crude, which historically accounted for 90% of its supply, was...

Israel launched airstrikes on Yemeni energy infrastructure early 19 December, targeting ports and power stations in response to Houthi...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...

The US Energy Information Administration (EIA) has lowered its 2025 Brent crude oil price forecast to under $74/b, down from almost...

China's oil demand could peak as early as 2025, five years sooner than previously forecast, driven by the rapid adoption of electric vehicles...

Residual fuel exports from Mexico to Asia could jump next month if the incoming US president Donald Trump were to follow through on his...

Washington has confirmed the latest round of sanctions targeting on 35 entities and vessels that it believes play a critical role in transporting...

Any retalitory tariffs from China on US imports would have a serious damage on Chinese petrochemcial crackers that heavily reliant on cheap...

Efforts to forge the first global treaty on plastic pollution collapsed in Busan over the weekend, as oil-producing nations blocked attempts...

China's sustainable aviation fuel supply could exceed domestic demand by around 16 million mt by 2030 and supply-side fiscal support is...

Donald Trump is considering expanding sanctions on Iran to include neighbouring Iraq, targeting OPEC's second-largest crude producer and a...