Asia Oil Policy News

Officials in Beijing have greenlighted a new non-state-owned crude oil importer despite ongoing headwinds that have seen refinery...

TotalEnergies has upped its global energy demand outlook on rising living standards in the Global South with that rise mostly met by oil and...

Investors see little prospect of global energy demand growth slowing and have urged more cash is needed to match it to avoid…

A Bashneft refinery in the Russian Republic of Bashkortostan was targeted in a Ukrainian drone attack overnight, the first apparent...

OPEC+ is considering a further delay to scheduled planned production increases according to Reuters, while the broader market is split...

Ukraine and Russia have started early talks that would see the two belligerents avoiding attacking each other's energy infrastructure...

Global energy major Saudi Aramco is exploring investment opportunities in Vietnam's oil market in a bid to streamline its crude flows...

Kazakhstan expects to cut its official crude oil output figure for the year after an extended maintenance break at one of its major...

Russian gas and LNG producer Novatek has shut the only operating train at its Arctic LNG 2 project and will cease commercial operations at...

China's oil giant PetroChina is shutting down its 410,000 bpd Dalian refinery amid weaker refining margins and is eyeing a new refining...

Iraq has once again reaffirmed its commitment to OPEC+, pledging to cut output and produce within targets set by...

South Korea may consider extending fuel tax cuts further if the current volatility in the global oil market persists beyond 2024, the...

Iraq's crude sales were steady last month as it shipped 3.31 million bpd of crude through September, its oil ministry said Thursday...

South Korea has further extended its oil product sale tax cut until the end of this year as the policy marks its two-year anniversary but the rate...

Australian refiner Viva Energy has asked for state support as cracks have come under pressure, with the company seeing a...

Southeast Asia's oil demand will grow 50% by the middle of the century, with higher personal transport use in a richer and more...

Egypt is set to extend its LNG cargo buying spree into the first quarter of 2025 as the North African country continues to...

China has issued a larger crude oil import quota for non-state importers at 257 million mt next year, equating to an average of 5.14 million bpd, the...

Saudi Aramco remains optimistic in its outlook on China's oil demand, CEO Amin Nasser said Monday, with hopes that the government's recent...

Global jet fuel consumption will grow 45% by 2040 as emerging market demand for air travel continues to rise even as alternative...