Europe Oil Policy News

Ukrainian drone attacks on Russia's refineries continued over the weekend, with a site in the south of the country damaged in the latest...

The latest attack on an oil tanker off the coast of Yemen sparked renewed shipping tensions in the region after what has been a relatively quiet...

OPEC and its allies reduced output by over 200,000 bpd largely on Russian cuts, but worryingly for the alliance Iraq continues...

The EU has signed off on a new law phasing out the use of fossil-powered trucks and lorries after member states Monday formally adopted...

A lobby group representing major oil companies has called for increased carbon taxes and the adoption of emissions trading systems...

Scrubber installations in oceangoing vessels can expect to breakeven in about five years, although the use of open loop systems is...

Threats from Houthi militants to target commercial vessels in the eastern Mediterranean has put the shipping industry on high alert...

The rally in high sulfur fuel oil margins showed no sign of slowing down this week as bullishness for the sector was given a further boost by a...

Russia's gas giant Gazprom swung to a massive $7 billion loss last year, its biggest in at least a quarter of a century...

The development of a global parallel trade in crude oil and refined products means G7-led sanctions on Russia's exports are not working...

The UK Labour Party's plans to hike energy levies further in the North Sea if it wins power as expected this year could risk much-needed...

Egypt has likely loaded its last LNG export cargo for the foreseeable future, as the Mediterranean country turns gas importer in a bid to stave off...

OPEC has reiterated its position that the timetable for the switch to cleaner fuels needs a radical rethink, contending the current net-zero...

The world is on track to phase out the internal combustion engine, the IEA said Tuesday despite warnings

Kazakhstan and Azerbaijan are in negotiations over the possible export of up to 5 million mt per year of crude via Baku to the Black Sea...

The US State Department is to reimpose sanctions on Venezuela's oil industry, after the government of President Nicolas Maduro failed to uphold commitments...

The US State Department looks set to reimpose sanctions on Venezuela's oil industry Thursday, barring a last-minute deal, with both sides...

Goldman Sachs said that the short-term outlook for oil prices will be largely determined by events in the Middle East and Israel's response...

EU lawmakers have rubber-stamped new rules that would allow member states to ban imports of Russian LNG, although it is unclear whether...

The EU Parliament has voted in favour of a draft law almost entirely phasing out trucks and lorries powered by conventional engines by 2040...