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)?

maritime-executive.com

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 maritime-executive.com

gcaptain.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 gcaptain.com
 
splash247.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 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
 
gcaptain.com

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 gcaptain.com

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 gcaptain.com
 
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 gcaptain.com

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 gcaptain.com

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 gcaptain.com
 
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 gcaptain.com

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 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
 
engine.online

General News

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

oilprice.com

Oil Prices Set for Weekly Gain Despite Demand Uncertainty | OilPrice.com

Oil prices are set for the first weekly gain in a month despite continued uncertainty over demand due to Trump's trade wars.
oilprice.com oilprice.com

oilprice.com

U.S. Rig Count Stalls as Oil Prices Keep Drillers in Check | OilPrice.com

The total number of active drilling rigs for oil and gas in the United States held steady this week, according to new data that Baker Hughes published on Friday
oilprice.com oilprice.com
 
www.gibsons.co.uk

Sailing the Sea of Sanctions - Gibson

Just before the end of his presidency, the Biden administration gave a parting gift to the tanker markets as the Office of Foreign Assets Control (OFAC) sanctioned 155 mainly Russia affiliated tankers. In the same week, Shandong Port Group, home to refiners responsible for significant crude...
www.gibsons.co.uk www.gibsons.co.uk
 

The United States Has A Liquified Natural Gas (LNG) Tanker In Its Fleet | MV American Energy​

Mar 21, 2025 #supplychain #LNG #Tanker

In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the reflagging of MV American Energy into the US registry by Crowley Maritime and its planned operation to deliver Liquified Natural Gas from the US Gulf Coast to Puerto Rico.


11:58

- Marine Traffic www.marinetraffic.com
- Crowley and Naturgy Deploy First U.S. LNG Carrier, American Energy, to Serve Puerto Rico https://www.crowley.com/news-and-medi...
- AMO Onboard as Crowley LNG Carrier American Energy Enters Service in Puerto Rico Trade https://www.amo-union.org/amo-onboard...
- Crowley, Naturgy Deploy First U.S. LNG Carrier https://www.seafarers.org/crowley-nat...
- Offshore, Maritime and Energy / @offshoremaritimeenergy
- Public Law 104-324 https://www.congress.gov/104/plaws/pu...
- U.S. Natural Gas Imports and Exports Monthly December 2024 https://www.energy.gov/sites/default/...
 

Trump says countries that purchase oil from Venezuela will pay 25% tariff on any trade with U.S.​

  • President Donald Trump said countries that purchase oil and gas from Venezuela will face a 25% tariff on the trade those nations have with the U.S.
  • Trump said the tariff will take effect April 2.
  • China was the largest destination for Venezuelan crude last year, followed by the U.S., India and Spain.
More:

https://www.msn.com/en-us/money/mar...S&cvid=046d44aa243643269b8be1688bd11a12&ei=29
 
splash247.com

The market impact of an ageing VLCC fleet - Splash247

Mette Frederiksen, head of research and insight at Tankers International, on the future of the VLCC trades. The VLCC market is changing significantly. While the global fleet continues to grow with the introduction of newbuilds, the ageing vessels in operation are losing efficiency, therefore...
splash247.com splash247.com
 
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