Oil Market News, OPEC+, sanctions and price shocks

[searcher]

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

 

[searcher]

 

[searcher]

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

 

[searcher]

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

 

[searcher]

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

 

[searcher]

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

 

[searcher]

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

 

[searcher]

 

[searcher]

Geopolitical Risk Underpins Oil Prices | OilPrice.com

Oil is set for a weekly gain as geopolitical risk returned to markets this week, but with the next OPEC+ meeting looming attention may soon shift.

oilprice.com

 

[searcher]

Lights Dim at Giant Russian LNG Construction Facility as Energy Sanctions Bite

Activity appears to have slumped at Russia’s only construction yard for liquefied natural gas modules, another sign of how Western sanctions are thwarting the country’s ambition to become a top player in this key energy market.

gcaptain.com

 

[searcher]

Phillips 66 faces federal charges over alleged wastewater dumping at Carson refinery

A federal grand jury has returned a six-count indictment against Phillips 66 for allegedly dumping waste into Los Angeles County sewers.

www.latimes.com

 

[searcher]

Oil for Troops: Russia's Barter System with North Korea Exposed | OilPrice.com

South Korea reveals a deepening military alliance between Russia and North Korea, involving the exchange of troops, weapons, and oil, amidst escalating tensions in Ukraine.

oilprice.com

 

[searcher]

UK Launches Largest Sanction Package Against Russia’s Shadow Tanker Fleet

The UK government launched its largest sanction package yet against the shadow tanker fleet while urging other nations to follow in tightening their...

maritime-executive.com

 

[searcher]

Putin's top oilman hints information about oil export should be made confidential

Igor Sechin and his Rosneft company appears to be behind a proposal to classify data on Russian oil export.

beta.thebarentsobserver.com

 

[searcher]

Avance Gas Exits Shipping Market with $450 Million Profit, Plans Complete Wind-up

Avance Gas Holding Ltd (OSE: AGAS), one of the leading owners of Very Large Gas Carriers (VLGCs), has announced its complete exit from the shipping market through strategic fleet sales....

gcaptain.com

Frontline CEO Warns of Shadow Fleet's Impact on Tanker Market

Frontline plc posted a profit of $60.5 million in the third quarter of 2024 despite challenging market conditions. The tanker shipping giant reported revenues of $490.3 million. The company’s adjusted...

gcaptain.com

 

[searcher]

The Secretive Oil Shipping Hub Funneling Iranian Crude to China | OilPrice.com

A Bloomberg report reveals a massive, ongoing, and sophisticated operation by China and Iran to circumvent US sanctions on Iranian oil through elaborate ship-to-ship transfers in the South China Sea.

oilprice.com

Brazil Opens Doors to New Oil Exploration with 91 Blocks on Offer | OilPrice.com

Brazil has announced the permanent offering of 91 oil blocks across key basins, aiming to attract significant investment and bolster energy security

oilprice.com

 

[searcher]

General News

ENGINE Online - Read the latest General News news.

engine.online

Bullish Catalysts Build in Oil Markets But Prices Remain Rangebound | OilPrice.com

Oil prices have moved in a very narrow bandwidth this week despite several bullish catalysts, with plenty of upside next week after Thanksgiving.

oilprice.com

 

[searcher]

Iran’s Oil Trade With China Rattled by US Sanctions on Tankers

A broadening of US sanctions on tankers that haul Iranian crude has jammed a crucial cog of the trade, slowing the delivery of oil from the OPEC producer to its most valuable customer: China.

gcaptain.com

 

[searcher]

Cargo Shipment from Belgium to Russia Highlights Continued Flow of LNG Technology from EU

A cargo delivery from Antwerp in Belgium to Novatek’s Yamal LNG plant in the Russian Arctic raises questions about the effectiveness of EU sanctions. The Antwerp shipment is part of a much larger problem. By some accounts European companies have supplied more $600m worth of equipment to Russia...

www.highnorthnews.com

 

[searcher]

The Illicit Shipping Trade Hiding in Plain Sight​

Dec 4, 2024

An armada of vessels operating near Asia’s maritime thoroughfares moves hundreds of millions of barrels of sanctioned oil. Called the “dark fleet,” the ships also risk environmental catastrophe.
Just outside the reach of Malaysia’s coast guard and without formal oversight, oil is being transferred from one vessel to another in open waters, risking spills and lives while increasing geopolitical tensions.


14:40

00:00:00 An Armada of Tankers
00:01:24 The Pablo Disastre
00:03:10 The Flotilla
00:03:50 Sanctioned Oil
00:05:23 The Trip
00:07:05 Building the Algorithm
00:08:08 Discovering a Ship-To-Ship Transfer
00:10:40 The Environmental Dangers
00:11:02 Enforcing Sanctions

 

[searcher]

OPEC+ kicking the can down the road

OPEC+ members decided to extend supply cuts into next year and also slow the pace at which they will bring supply back onto the market

think.ing.com

 

[searcher]

Oil Prices Under Pressure Despite OPEC+ Decision | OilPrice.com

Oil prices remain under pressure despite the OPEC+ decision to delay its production increases, with demand concerns continuing to weigh on prices.

oilprice.com

Putin's Gazprombank Move Creates Ripple in EU-U.S. Sanctions Strategy | OilPrice.com

The EU and US are working to navigate the complexities of sanctions against Russia while ensuring Europe's energy security, with Gazprombank at the center of the debate.

oilprice.com

 

[searcher]

Shadow VLCCs lined up for demolition - Splash247

Changes are afoot in the Iranian-linked VLCC fleet with just over six weeks until Donald Trump is sworn in as the 47th president of the US. Splash reported on further sanctions aimed at Iran’s tanker fleet earlier this week, as well as news that China has started to ease imports of Iranian oil...

splash247.com

 

[pmbug]

 

[searcher]

Greenpeace and Shell Settle Multi-Million-Dollar Lawsuit for Boarding FPSO

The UK’s Royal National Lifeboat Institution (RNLI) is the beneficiary as activist environmental group Greenpeace and oil major Shell agreed to settl...

maritime-executive.com

 

[searcher]

Russia’s Yamal LNG Deploys New Tanker for Barents Sea Transshipments | OilPrice.com

Russia's Yamal LNG plant is using a shadowy tanker for ship-to-ship transfers in the Barents Sea, potentially to circumvent sanctions targeting its Arctic LNG 2 project.

oilprice.com

Russian Arctic LNG Carrier Out of Commission Following Maintenance Struggles, Underscores Key Role of EU Yards

Russia’s fleet of ice-capable LNG carriers keeps the gas flowing to Europe. But now one of the vessels, Christophe de Margerie, is out of commission as it struggles to receive maintenance and spare parts in European shipyards.

www.highnorthnews.com

 

[searcher]

Lights are turned off in Belokamenka

Novatek's LNG construction center outside Murmansk is left in the dark as contractors and subcontractors abandon the plant.

www.thebarentsobserver.com

 

[searcher]

Rosneft, Reliance Agree Biggest Ever India-Russia Oil Supply Deal, Sources Say

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.

gcaptain.com

 

[searcher]

Iranian Oil Prices to China Hit New Multi-year Highs as Sanctions Hit Shipping

The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said.

gcaptain.com

 

[searcher]

General News

ENGINE Online - Read the latest General News news.

engine.online

Oil Prices Rise Alongside Geopolitical Risk | OilPrice.com

Oil prices are climbing once again as geopolitical risk rises and the threat of new U.S. sanctions on Russia's shadow fleet threatens supply.

oilprice.com

 

[searcher]