Oil Market News, OPEC+, sanctions and price shocks

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Exclusive: Senior Novatek Official Traveled to Washington DC For Discussions on Arctic LNG Sanctions

Could the upcoming Trump U.S. administration offer an opportunity to reverse or lighten sanctions targeting the Russian LNG sector? Novatek appears to think so, dispatching a senior executive to Washington DC to pursue the matter.

www.highnorthnews.com

 

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Yellen Won't Rule Out Sanctions On Chinese Banks, Curbs On 'Dark Fleet' Oil Tankers

By David Lawder, Andrea Shalal WASHINGTON, Dec 13 (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on “dark fleet” tankers and will not...

gcaptain.com

 

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Oil Spills Into Kerch Strait After Russian Tanker Breaks Apart in Storm

A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another tanker was also in distress after sustaining damage, Russian officials said.

gcaptain.com

 

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Tanker Rates Tumble on Key Route as China Cuts Crude Purchases

Spot rates for hauling crude on the largest vessels from the Middle East to China, a benchmark route, have sunk by a third this year as demand in the top importer slows and OPEC+ delays the restart of idled supply.

gcaptain.com

 

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Russian Discovery of a 511 Billion-Barrel Oil Reserve in Antarctica: Major Climatic and Geopolitical Implications

In an unexpected twist, Antarctica, a continent long considered off-limits for exploitation, is making headlines once again—this time for its potential as a massive energy

www.wecb.fm

 

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EU Imposes First-Ever Sanctions On Yamal Gas Project Targeting ‘Christophe de Margerie’ LNG Carrier

The EU’s 15th sanctions package against Russia for the first time targets Yamal LNG by including a carrier in service of the project. The ice-capable tanker Christophe de Margerie, one...

gcaptain.com

 

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Oil Spills Into Kerch Strait After Russian Tanker Breaks Apart in Storm

A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another tanker was also in distress after sustaining damage, Russian officials said.

gcaptain.com

More:

Two Russian Tankers Sink in The Black Sea | Volgoneft 212 & 239 | Why Were They in The Black Sea?​

Dec 16, 2024 #supplychain #blacksea #russia

The Front Fell Off: Two Russian Tankers Sink in the Black Sea

In this episode, Sal Mercogliano—a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the sinking of the Russian tankers Volgoneft 212 and 239 on December 15, 2024, off the port of Taman in the Black Sea and what role did the Russian-Ukraine War play in their loss.


14:43

- Russian inland waterways tanker pair sink in Kerch Strait in bad weather https://www.lloydslist.com/LL1151839/...
- Clarke and Dawe - The Front Fell Off • Clarke and Dawe - The Front Fell Off
- Marine Traffic marinetraffic.com

 

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Chinese rig finds oil in Barents Sea

The Cosl Prospector discovered up to 52 million barrels of oil in an appraisal well in Norwegian Arctic waters.

www.thebarentsobserver.com

 

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Insurance checks instituted for Russian shadow fleet passing through the Baltic - Splash247

A number of European nations have followed the lead taken by the UK in demanding insurance details from Russian-linked ships passing through their waters, something that is expected to put pressure on Russia’s exports through the Baltic. The UK started this crackdown in October, challenging...

splash247.com

 

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More:

Two Russian Tankers Sink in The Black Sea | Volgoneft 212 & 239 | Why Were They in The Black Sea?​

Dec 16, 2024 #supplychain #blacksea #russia

The Front Fell Off: Two Russian Tankers Sink in the Black Sea

In this episode, Sal Mercogliano—a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the sinking of the Russian tankers Volgoneft 212 and 239 on December 15, 2024, off the port of Taman in the Black Sea and what role did the Russian-Ukraine War play in their loss.


14:43

- Russian inland waterways tanker pair sink in Kerch Strait in bad weather https://www.lloydslist.com/LL1151839/...
- Clarke and Dawe - The Front Fell Off • Clarke and Dawe - The Front Fell Off
- Marine Traffic marinetraffic.com

Update:

Third Tanker Sends Distress Call as Oil Washes Up on Russia's Black Sea Coast

MOSCOW, Dec 17 (Reuters) – Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend,...

gcaptain.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Bearish Sentiment Takes Hold in Oil Markets | OilPrice.com

Oil prices are under pressure as the year draws to a close, with demand concerns and the Fed's latest meeting both adding to bearish sentiment.

oilprice.com

 

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A shady transshipment operation is unfolding in the Ura Guba

A brand new LNG carrier that operates as part of Russia's 'shadow fleet' is sailing into the remote fjord in the Kola Peninsula to conduct a transshipment of natural gas to a 400 meter long sanctioned storage tanker.

www.thebarentsobserver.com