Europe Oil Policy News

Global oil consumption is continuing to grow and will hit a record 102.9 million bpd this year due to demand growth led by China and India, the...

Iraq is in the process of repairing an oil pipeline to export crude to Turkey, which could act as an alternative to the Kirkuk-Ceyhan pipeline...

Global oil markets are set to tighten in the second half 2024, which could in turn constrain demand unless OPEC starts unwinding production cuts...

A senior US government official said that Washington has not asked India to reduce Russia crude oil imports, but reiterated that unrestricted...

The UK Parliament committee in charge of measuring progress on green goals has called for the government to bring forward a review...

Ukrainian forces have struck another Russian refinery in the latest in a wave of drone attacks, with social media footage posted Tuesday...

Mexico is to reign in exports of its heavy crude oil exports with state-owned energy firm Pemex notifying some customers that term contracts...

The UK government said Wednesday that new oil and gas developments in the North Sea will not be approved without significant measures to reduce carbon emissions...

Moscow has ordered Russian oil producers to rein in production with combined output set to be capped at 9 million bpd to ensure...

Ukrainian drone strikes on Russia's oil processing infrastructure resumed over the weekend...

India's Reliance Industries has halted oil imports moved by Sovcomflot after the US targeted Russia's largest tanker operator with...

Russia's energy ministry has discussed changing maintenance schedules at its refineries that Ukrainian drones have not already hit to...

Oil and gas executives attending this week's CERAWeek in Houston remain relatively upbeat on the outlook for global LNG markets...

Iraq has reiterated its pledge to rein in crude oil output and exports, having topped the list of OPEC+ overproducers during the first two months...

Saudi Aramco President & CEO Amin Nasser said governments and policymakers should give up on the "fantasy" of phasing out oil and gas...

The UK will need additional gas-fired power generation to replace capacity set to be phased out, according to Prime Minister Rishi Sunak...

The German economy ministry has extended its trusteeship over Rosneft's German assets for a third time...

A Russian oil depot has been hit in the Belgorod region and a fire started after a Ukrainian drone attack that marks the first successful strike...

The Rubymar bulk carrier hit by Yemeni missile strikes near Bab al-Mandeb on February 18, has sunk according to US Central Command...

Bulgaria has halted Russian oil imports nine months ahead of an exemption granted by Brussels...