Oil Market News, OPEC+, sanctions and price shocks

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This is interesting. I was thinking along these lines. Question is.......who did it (if it did actually happen)?

Report: Two Attacks on Russia-Linked Tankers Were Caused by Limpet Mines

At least two recent explosions affecting tankers in the Mediterranean this year can be explained by limpet mine attacks, three security sources told...
maritime-executive.com

Limpet Mines Eyed as Likely Cause of Blasts on Two Tankers in Mediterranean Sea

Mines attached to the hulls of ships and set off with timers likely caused blasts that have damaged two crude oil tankers in the Mediterranean Sea since January, three sources close to the investigation said on Monday.
gcaptain.com
 

Vintage VLCC prices firm up - Splash247

Prices are up for vintage VLCCs as brokers predict higher rates for ships trading outside the dark fleet. Prices for vintage VLCCs went down in January. Now, VLCC pricing is firming again for reputable sales candidates, and a whopping $10m spread can be spotted in the latest sales filling up...
splash247.com
 

Trump invites landmark $8 billion project to return to America​

President Donald Trump is trying to lure an $8billion infrastructure project back to the United States with promises they can begin 'almost' right away after former president Joe Biden killed the deal.

Trump intends to revive the long-dead Keystone XL pipeline, which would travel between Canada and Virginia carrying upwards of 830,000 barrels per day of oil into the United States.

Taking to TruthSocial on Monday night, the president said the pipeline 'that was viciously jettisoned by the incompetent Biden Administration should come back to America.'

'Get it built - NOW,' he added.

'I know they were treated very badly by Sleepy Joe Biden, but the Trump Administration is very different.'

More:

https://www.msn.com/en-us/news/poli...S&cvid=ade0406ff0524258dd1c9c84a4b6b4f0&ei=13
 

First Sanctioned Ship Gets Scrapped in Watershed for Dark Fleet

An aging oil tanker sanctioned by the US is being taken apart in an Indian scrapyard, a potential watershed moment for the so-called dark fleet in a rapidly changing geopolitical landscape.
gcaptain.com

Oil Tankers Calling in Russia Get Mine Checks After Mystery Blasts

Owners of oil tankers calling at Russian ports are sending divers and underwater drones to check their ships’ hulls for mines — a precaution following a wave of unexplained explosions on ships.
gcaptain.com
 

Russia Flagship Oil Freight Soars After Biden Farewell Sanctions

The premium shipowners are charging to haul Russia’s flagship oil is soaring as farewell sanctions imposed by the outgoing Biden administration continue to bite Moscow’s petroleum trade.
gcaptain.com

Tankers: OPEC+ to Proceed with Planned April Oil Output Hike

OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring down prices.
gcaptain.com

Trump Administration Removes LNG Bunkering Barriers, Paving Way for Industry Growth

The U.S. Department of Energy has issued an order removing regulatory barriers for using liquefied natural gas (LNG) as marine fuel, signaling a significant shift in policy that could accelerate...
gcaptain.com
 

Equinor Makes Significant Gas Discovery in Norwegian Sea's Halten Area

Equinor and its partners have discovered gas and condensate in the Mistral Sør exploration well in the Norwegian Sea’s Halten area, marking another significant find in the region’s growing energy...
gcaptain.com

Tankers: Canada's Crude Exports Surge as US Implements New Tariffs

Canadian crude tanker exports have skyrocketed by 59% year-to-date, reaching 618 thousand barrels per day (kbpd), up from 388 kbpd during the same period last year, according to shipping association...
gcaptain.com
 

The $40,000,000,000 Salvage of North Sea Oil Rigs​

Dec 21, 2024
18:02
 

Crude Oil Prices Tumble on Demand Concerns​

April WTI crude oil (CLJ25) Monday closed down -1.01 (-1.51%), and April RBOB gasoline (RBJ25) closed down -0.0162 (-0.77%).

Crude oil and gasoline prices on Monday posted moderate losses. Monday's selloff in the S&P 500 to a 5-3/4 month low sparked risk-off sentiment in asset markets, weighing on crude prices. Also, signs of economic weakness in China are negative for energy demand after China's consumer prices posted their steepest decline in 13 months. In addition, concern that US tariffs will spark a trade war that dampens economic growth and energy demand are undercutting crude prices. Losses in crude oil accelerated Monday after the dollar recovered from early losses and moved higher.

More:

https://www.msn.com/en-us/money/mar...S&cvid=babd7f1d61294c23b08a0d887f526c66&ei=20
 
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