Oil Market News, OPEC+, sanctions and price shocks

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

 

[searcher]

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

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, a regional official said on Tuesday, and state media said a third ship was now in trouble.

gcaptain.com

 

[searcher]

 

[searcher]

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

 

[searcher]

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

 

[searcher]

Update:

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

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, a regional official said on Tuesday, and state media said a third ship was now in trouble.

gcaptain.com

Sal's take on the situation.

A Third Russian Tanker Sinks | 8,000 Tons of Oil Spilled | Issues for Russian Gas and Oil Exports​

You Lost Another Tanker?
December 21, 2024 #supplychain #russia #blacksea

In this episode, Sal Mercogliano—a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the loss of a third Russian river tanker in and around the Black Sea, what is causing these losses, and what the bigger issues facing the Russian gas and oil export industry.


16:35

- Third Tanker Sends Distress Call as Oil Washes Up on Russia’s Black Sea Coast https://gcaptain.com/third-tanker-sen...
- Naval News https://www.navalnews.com/
- Covert Shores http://www.hisutton.com/
- gCaptain https://gcaptain.com/
- Marine Traffic https://www.marinetraffic.com/en/ais/home/centerx:-12.0/centery:25.0/zoom:4

 

[searcher]

Russia’s LNG Shadow Fleet Resumes Operations After Months-Long Hiatus

Several vessels of Russia’s LNG shadow fleet are on the move after idling for much of the past two months. In the Western Arctic near Murmansk, newbuild LNG carrier Mulan called at the Saam FSU over the weekend, likely to reload LNG it had previously offloaded at the end of September.

gcaptain.com

 

[searcher]

Russia calls gas sales to Europe 'complicated' as deal with Ukraine nears expiry​

• Russia-Ukraine gas transit deal expires at end of year
• Ukraine has refused to extend the agreement
• Russia willing to continue delivering gas via Ukraine

MOSCOW, Dec 23 (Reuters) - Russia said on Monday that the situation with European countries that buy its gas through a transit deal via Ukraine is very complicated and needs more attention, after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico.

More:

https://www.reuters.com/business/energy/russian-gas-sales-europe-are-complicated-kremlin-says-after-putin-fico-talks-2024-12-23/

 

[searcher]

Russia’s First Domestically Built LNG Carrier Begins Sea Trials, Poised to Strengthen Arctic ‘Shadow Fleet’

In a significant step to expand Russia’s domestic shipbuilding portfolio the Zvezda shipyard has completed work on its first LNG vessel. Ice-capable gas carrier Aleksey Kosygin departed from the yard near Vladivostok for sea trials on December 25.

gcaptain.com

 

[searcher]

Sanctioned Russian LNG Cargo Ends Across-the-World Trip Without Finding Buyer | OilPrice.com

A sanctioned LNG tanker carrying gas from Russia's Arctic LNG 2 project spent months at sea without finding a buyer due to US sanctions.

oilprice.com

Oil Market 2024 in Review: A Year of Surprises and Shifting Demand | OilPrice.com

2024's energy landscape was marked by fluctuating oil demand, a natural gas boom, and a nuclear renaissance, amidst ongoing challenges in the renewable energy sector.

oilprice.com

 

[searcher]

 

[searcher]

General News

ENGINE Online - Read the latest General News news.

engine.online

Signs of Optimism in Oil Markets as a New Year Begins | OilPrice.com

Oil markets have started the year with a renewed sense of optimism as U.S. inventories tighten and China attempts to stimulate its economy.

oilprice.com

 

[searcher]

Sanctioned tankers jam in freezing sea-ice

The five LNG carriers that were included in the latest round of EU sanctions against Russia are all stalled in remote Arctic waters.

www.thebarentsobserver.com

 

[searcher]

Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters

President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as the eastern Gulf of Mexico.

gcaptain.com

 

[searcher]

US Plans More Sanctions on Tankers Carrying Russian oil, Sources Say

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, three sources with knowledge of the matter said.

gcaptain.com

 

[searcher]

Trump's Presidency Sparks Renewed Optimism in Oil Markets | OilPrice.com

This article explores the factors driving a bullish sentiment in the oil market, including the upcoming Trump presidency, Iran sanctions, and shifting trends in the electric vehicle and oil demand landscape.

oilprice.com

 

[searcher]

Putin Has Options for Russian Gas After Ukraine Route Closed

Vladimir Putin might have lost a slice of revenue after Kyiv closed its gas pipeline to Russian supplies, but Moscow already has alternatives for shipping the fuel that stand to shield it from any serious economic hit.

gcaptain.com

 

[searcher]

US Plans More Sanctions on Tankers Carrying Russian oil, Sources Say

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, three sources with knowledge of the matter said.

gcaptain.com

More:

Report: White House Plans to Sanction 100 More Russian Dark Fleet Tankers

In its final days, the Biden administration plans to sanction a large number of additional "shadow fleet" tankers involved in the Russian energy trad...

maritime-executive.com

 

[searcher]

UK Launches AI-Powered Maritime Surveillance System to Counter Russian Shadow Fleet in Baltic

In response to recent damage to critical undersea infrastructure, the UK-led Joint Expeditionary Force (JEF) has activated an advanced AI-powered surveillance system to monitor potential maritime threats and track Russia’s...

gcaptain.com

 

[searcher]

Oil Lease Sale in the Arctic National Wildlife Refuge to be Held This Week

A congressionally mandated oil lease sale for Alaska's Arctic National Wildlife Refuge will be held on January 10th. The Biden administration has moved to limit the lease sale to 400,000 acres, the smallest acreage required by law.

www.highnorthnews.com

 

[searcher]

U.S. Tanker Stocks Surge After Pentagon Blacklists Major Chinese Maritime Players

U.S.-listed tanker stocks rallied sharply on Tuesday, with some shares jumping as much as 10% after the Pentagon added several Chinese maritime giants to its list of companies with alleged...

gcaptain.com

Russia’s Crude Shipments Tumble to the Lowest in 16 Months

Russia’s seaborne crude exports slumped to the lowest level since August 2023, with the latest dip stretching the loss since an October peak to 540,000 barrels a day.

gcaptain.com

 

[searcher]

Oil companies pay record $5.6M settlement after FTC alleges illegal coordination​

Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between them was complete in 2021 and 2022, the federal government announced Tuesday.

The Federal Trade Commission (FTC) said XCL Resources Holdings, Verdun Oil Company II and EP Energy LLC (EP) will pay a record $5.6 million in the civil case.

More:

https://www.msn.com/en-us/money/com...S&cvid=7bda7ff2e4244f54ad223025a7286603&ei=21

 

[searcher]

Major Chinese port group bans tankers on OFAC’s sanctions list - Splash247

Shandong Port Group has banned any tanker sanctioned by the US from calling at its ports. The group oversees major ports on China’s northeast coast including Qingdao, Rizhao and Yantai, which are among the biggest destinations for sanctioned oil from Russia, Iran and Venezuela. Reuters has...

splash247.com

 

[searcher]

Audit finds more than 80% of sanctioned ships have no confirmed insurance - Splash247

The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned ships – 21 years – is some eight years older than the global average, adding to...

splash247.com

 

[searcher]

By Malte Humpert (gCaptain) – In an unprecedented move targeting Russia’s energy sector the U.S. Department of the Treasury announced sanctions against more than 180 vessels, dozens of oil traders, oilfield service providers and insurance companies.

U.S. Blocks More Than 180 Vessels, Oil Traders and Companies In Sweeping New Sanctions Against Russia

In an unprecedented move targeting Russia’s energy sector the U.S. Department of the Treasury announced sanctions against more than 180 vessels, dozens of oil traders, oilfield service providers and insurance companies.

gcaptain.com

 

[searcher]

General News

ENGINE Online - Read the latest General News news.

engine.online

The Oil Bulls Are Back as Brent Breaks $80 | OilPrice.com

Oil prices have started the year rallying aggressively, with Brent breaking $80 on Friday morning for the first time since October 7th.

oilprice.com

 

[searcher]

Enbridge Preps Pipeline Buildout For Trump-Driven Drilling Boom

By Kevin Orland Jan 11, 2025 (Bloomberg) –Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off...

gcaptain.com

 

[searcher]

Oil Prices Jump to 4-Month High on Fresh U.S. Sanctions | OilPrice.com

New US sanctions targeting Russia's oil industry, including Gazprom and the "shadow fleet", have pushed oil prices higher and forced Asian buyers to seek alternative sources.

oilprice.com

 

[searcher]

US Sanctions on Russia Ripple Through Tanker Market

Oil tanker rates jumped on Monday as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.

gcaptain.com

 

[searcher]

Shell Finds Unexploded Bomb Next to Gas Pipeline for the Brent Field

Shell has confirmed the discovery of an unexploded bomb next to a 40-year-old gas line running across the North Sea. Unexploded ordnance from World W...

maritime-executive.com

Russia Claims Ukrainian Attack on TurkStream Subsea Pipeline System

On Monday, Russia's defense ministry claimed that its forces thwarted a Ukrainian attack on shoreside components of the TurkStream gas pipeline,...

maritime-executive.com

U.S. Sanctions Module Builder Wison Offshore for Working on Arctic LNG 2

Among other measures targeting Russia's energy sector, the Biden administration has sanctioned Zhoushan Wison Offshore for its role in supplying...

maritime-executive.com

 

[searcher]

Alaska Looking to Re-Enter Global LNG Market with Massive $44bn Project

The proposed Alaska LNG project has taken its next hurdle with the signing of a development agreement. The $44bn project would see Alaska export up to 20m tonnes of LNG per year starting in 2031.

www.highnorthnews.com

 

[searcher]

Paralysis looms over Russia's Arctic oil

New US sanctions deal an unprecedented blow to the companies that over the past decade have developed major oil and gas resources in one of the most remotest parts of the planet.

www.thebarentsobserver.com

Related:

US sanctions Vyacheslav Ruksha and Rosatom's Arctic businesses

In his last week of work, US President Joe Biden imposes sanctions on Russia's state atomic energy corporation Rosatom for its development of weapons systems, including for the use in the war against Ukraine. Deputy director of the Northern Sea Route Directorate, Vyacheslav Ruksha, is one of the...

www.thebarentsobserver.com