Oil Market News, OPEC+, sanctions and price shocks

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WEST OF SUEZ DIRTY TANKER QUARTERLY: Geopolitical, regulatory developments set to boost sentiment​

HIGHLIGHTS
Q4 sees WAF VLCC, Suezmax markets dip to YTD lows amid weaker demand
Lackluster PG volumes cause ships to ballast west, leading to tonnage overhang
Extension of dark-fleet sanctions seen lending support to rates in 2025

The performance of the West of Suez crude tanker segment confounded market participants' expectations in the final quarter of 2024, with predictions that a seasonal end-of-year increase in demand would boost rates failing to materialize.

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gcaptain.com

Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024

Marine fuel sales reached fresh highs at the world's largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels.
gcaptain.com gcaptain.com

gcaptain.com

US Sanctions and Arctic Blast Drive Oil Prices Higher as Tanker Markets Face New Pressure

Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern Hemisphere have pushed Brent crude futures to a...
gcaptain.com gcaptain.com
 

Oil falls as Trump repeats call for OPEC to cut prices​

SINGAPORE (Reuters) -Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.

Brent crude futures dropped 53 cents, or 0.68%, to $77.97 a barrel by 0430 GMT after settling up 21 cents on Friday.

U.S. West Texas Intermediate crude was at $74.16 a barrel, down 50 cents, or 0.67%.

Trump on Friday reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.

"One way to stop it quickly is for OPEC to stop making so much money and drop the price of oil ... That war will stop right away," Trump said.

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https://www.msn.com/en-us/money/oth...S&cvid=21e8fa879a3b4a2f9037f1a5f6e38211&ei=38
 

Trump's energy rhetoric has 'directly opposing' inconsistency​

Jan 26, 2025 #oil #youtube #stocks

Oil (CL=F, BZ=F) is set to record its first week of declines since the start of 2025 after President Donald Trump commented on lowering oil prices at the World Economic Forum on Thursday. Sankey Research lead analyst Paul Sankey sits down with Madison Mills and Seana Smith on Catalysts to examine the energy sector as investors try to gauge the impact of Trump 2.0. "It's definitely disconcerting that [the Trump administration keeps] talking about lower oil prices," Sankey says. He notes there's a "directly opposing internal inconsistency" within Trump's rhetoric on energy. Sankey explains, "There's a very specific concern about pump gasoline prices, and then at the same time, you've got things like the tariff threat from Canada ... our biggest oil supplier, oil that we also can't replace." He adds, "They want lower prices, but a lot of what they're saying and doing would mean higher prices." Looking ahead, the analyst notes that natural gas is positioned well for success, given the amount of spending going into artificial intelligence (AI) infrastructure which "obviously, is going to need an absolutely enormous amount of US electricity, and that becomes US natural gas." There is growing uncertainty about President Trump's future tariff policy, as the president has seemingly backed away from his harsh pre-inauguration tariff rhetoric. Because of this, Sankey says, "Oil and refining is just much more tricky at the moment."


6:27
 

Why the U.S Can’t Use the Oil it Produces

The reason the U.S. can’t fully utilize the oil it produces boils down to a mix of economic, infrastructural, and geopolitical factors.
www.fuelstreamservices.com www.fuelstreamservices.com

Why The U.S. Cannot Use Its Own Oil​

Crude swap​

Steep tariffs on Mexico and Canada are set to go into effect on Saturday as President Trump threatens trade with America's neighbors unless they address illegal migration, drug trafficking, and "massive subsidies in the form of deficits." One closely watched area likely to be excluded is oil, due to the complicated nature of the U.S. energy industry. There's a notable paradox for a country that has become a dominant energy superpower, where despite producing more oil than it consumes, it remains the second-largest importer in the world after China.

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splash247.com

Probe reveals more than $6bn in shadow fleet deals - Splash247

European and American shipowners have pocketed at least $6.3bn from selling hundreds of ageing tankers on to shell companies, from where they make their way into the shadow fleet, a new probe carried out by the Organized Crime and Corruption Reporting Project (OCCRP) and investigative...
splash247.com splash247.com
 
www.highnorthnews.com

Japan and U.S. Looking to Form “Joint Venture” For Alaska LNG Project

Japan has signaled support for the $44bn Alaska LNG project. President Trump announced the forming of a “joint venture” during a joint press conference with Japan’s Prime Minister Ishiba. The Alaska LNG project has been garnering steam in recent months with the signing of a development agreement.
www.highnorthnews.com www.highnorthnews.com
 

Are Russian Ships Going Boom or Are They Just Falling Apart and Sinking?​

Feb 19, 2025 #supplychain #russia #shipping

In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the loss of a series of Russian ships and whether or not they were accidents or sabotage.


12:07

As Fuel Washes Up on Black Sea Beaches, Third Russian Tanker Reports Leak https://maritime-executive.com/articl...
Russian Military Sealift Ship Sinks After Engine Room Explosion https://maritime-executive.com/articl...
Ambrey: Tanker at Ust-Luga May Have Been Hit With Limpet Mines https://www.maritime-executive.com/ar...
Italians Investigating After Explosion Damages Greek Tanker at Savona https://www.maritime-executive.com/ar...
 
engine.online

General News

ENGINE Online - Read the latest General News news.
engine.online engine.online

oilprice.com

Oil Prices Slide After Streak of Gains | OilPrice.com

The Tuesday drone attack on the CPC pipeline, Kazakhstan’s key export conduit, has set a bullish tone for this week with four straight daily gains, but prices reversed course on Friday morning.
oilprice.com oilprice.com

oilprice.com

UAE-India LNG Deal Highlights U.S.'s Strategic Energy Play | OilPrice.com

The UAE's expanding LNG and gas investments, including a $13 billion spending plan, present opportunities for greater U.S. energy involvement.
oilprice.com oilprice.com
 
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