Oil Market News, OPEC+, sanctions and price shocks

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General News

ENGINE Online - Read the latest General News news.

engine.online

Oil Prices Remain Rangebound Despite Dramatic Week | OilPrice.com

Oil prices have remained largely rangebound this week despite a dramatic news week that saw Donald Trump regain the presidency an a hurricane hit.

oilprice.com

 

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Trump Reportedly Urges Russian President To Deescalate War With Ukraine: Here's How Crude Oil WTI Futures Are Reacting

President-elect Trump reportedly had a phone discussion with President Putin on Thursday, marking their first interaction since Trump's election win.

www.benzinga.com

 

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Chinese rig heads towards Norwegian Arctic drill site

Amid growing Norwegian concern for Chinese threats, the COSLProspector prepares for drilling at 71° North in the Barents Sea. 'China has a long-term plan to establish itself in the Arctic,' a Norwegian professor at the Norwegian Military Academy says.

beta.thebarentsobserver.com

 

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Russian Oil Gets Flipped Between Tankers Near Spanish Exclave of Ceuta

By Sherry Su and Julian Lee Nov 11, 2024 (Bloomberg) – A cargo of Russian oil appears to have been switched between ocean-going tankers near a Spanish exclave in north...

gcaptain.com

 

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Does Exxon fear the collapse of the CCS house of cards?

Exxon CEO Darren Woods’ is concerned that US withdrawal from the Paris climate agreement would threaten carbon capture and sequestration (CCS), the foundation for which is government mandates…

budsoffshoreenergy.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Bearish Sentiment Is Dominating Oil Markets | OilPrice.com

Oil prices remained under pressure this week as demand concerns continue to dominate the narrative in the oil market despite steep inventory draws.

oilprice.com

 

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US Breaks Dependence on Gasoline Imports | OilPrice.com

The United States is the world’s single largest gasoline market, however due to regional discrepancies continues to import gasoline from other regions, mostly Europe.

oilprice.com

 

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Trump Picks Oil Industry CEO Chris Wright As Energy Secretary

WASHINGTON, Nov 16 (Reuters) – President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright...

gcaptain.com

China Plans First Bio-Marine Fuel Export Quotas For 2025

SINGAPORE, Nov 15 (Reuters) – China is planning its first export quota for marine bunker that is blended with biodiesel, partly to support biofuel producers hit earlier this year by European Union anti-dumping tariffs,...

gcaptain.com

 

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OSG's CEO Proposes One-Cent Export Tax to Fund U.S. Tankers

In the event of a major war in the Western Pacific, U.S. forces are going to need fuel, and a lot of it. Government estimates of the supply needs for...

maritime-executive.com

Crude Behavior: What Are Oil Prices Telling Us?

In the eight weeks from early August to mid-September, America's benchmark oil price (West Texas Intermediate) fell from the mid-$80s a barrel to...

maritime-executive.com

 

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The top 10 sanctions headlines of 2024 - Splash247

Santosh Patil gets in early with a shipping annual review, giving readers his discovery and disco versions of how sanctions have played out this year. In the high-stakes world of global shipping, the topic of sanctions has the world split in two. Some see sanctions as a tight net around the...

splash247.com

 

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Tanker-Tracking Data Reveals Slump in Russian Crude Exports | OilPrice.com

Russia's crude oil exports have fallen to a two-month low due to decreased shipments from its Baltic, Black Sea, and Arctic ports, impacting global energy markets.

oilprice.com