Oil Market News, OPEC+, sanctions and price shocks

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India Launches $10 Billion Tanker Fleet Plan to Boost Energy Security and Shipbuilding

India plans to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said, as the world’s third-biggest importer of oil seeks to have its own fleet to secure supplies.

gcaptain.com

 

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EU, Britain Go Ahead With New Russia Sanctions Without Waiting for Trump

The EU and Britain announced new sanctions against Russia on Tuesday without waiting for the United States to join them, a day after President Donald Trump's phone call with Vladimir Putin failed to elicit a promise for a ceasefire in Ukraine.

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Oil Jumps on Possibility of Israeli Attack on Iran | OilPrice.com

Crude oil prices sharply increased following reports that Israel is considering strikes on Iranian nuclear facilities, which would threaten ongoing US-Iran negotiations and potentially escalate into a broader Middle Eastern conflict.

oilprice.com

 

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Report: Tanker "Hijacked" Near Strait of Hormuz

Iranian forces have intercepted a foreign-flagged tanker near the Strait of Hormuz, according to British maritime security consultancy Ambrey. In a n...

maritime-executive.com

 

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UK slaps sanctions on British ship finance veteran over shadow fleet deals - Splash247

The UK has imposed sanctions on a British ship finance veteran for allegedly buying tankers for Russia’s shadow fleet. John Ormerod was blacklisted on Tuesday alongside two Russian captains, 18 shadow fleet vessels and 46 financial institutions in the latest wave of British sanctions against...

splash247.com

 

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Report: Tanker "Hijacked" Near Strait of Hormuz

Iranian forces have intercepted a foreign-flagged tanker near the Strait of Hormuz, according to British maritime security consultancy Ambrey. In a n...

maritime-executive.com

False alarm.

Hijack Call From Ship Off Iran a False Alarm, Security Firm Ambrey Says

A hijack signal sent from a Panama-flagged petroleum products tanker off Iran was a false alarm, British maritime security firm Ambrey said on Wednesday.

gcaptain.com

 

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General News

ENGINE Online - Read the latest General News news.

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Trump's EU Tariff Threat Puts Oil Prices Under Pressure | OilPrice.com

Oil prices are once again under pressure after Trump threatened a 50% tariff on the EU, boosting concerns of an economic contraction.

oilprice.com

 

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Panama-Flagged Vessels Must Notify Authority Of Ship-To-Ship Transfers

By Elida Moreno PANAMA CITY, May 23 (Reuters) – Panama’s Maritime Authority said on Friday it will reinforce controls for ship-to-ship operations by Panama-flagged vessels, following an increase in the use of...

gcaptain.com

 

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Fire on Offshore Oil Platform at Vietnam’s First Decommissioning Project

Vietnamese officials confirmed that there was a devastating fire at the Song Doc offshore oil platform on Wednesday. The platform is the country’s fi...

maritime-executive.com

 

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Barstad: "Shadow Fleet" Sanctions Need Exception for Scrapping

The "shadow fleet" of tankers serving Russia, Iran and Venezuela are on average much older than the "compliant" tanker market, and many are overdue f...

maritime-executive.com

 

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Sanctioned 'shadow fleet' gas carriers prepare for shipments on Arctic route

After having been at standstill for the whole winter, a sanctioned fleet of tankers prepare for export of Russian LNG across the Northern Sea Route.

www.thebarentsobserver.com

 

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UK sanctions halt highly needed floating repair dock for nuclear icebreaker fleet

The new 220-meter dock built in Turkey is now stranded in the Mediterranean after London two weeks ago sanctioned the tug boat meant to tow it to Murmansk.

www.thebarentsobserver.com

 

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Oil Demand Growth Faces Significant Headwinds | OilPrice.com

Global oil markets are experiencing structural headwinds due to declining demand driven by a confluence of factors including a slowing global economy, shifting priorities in Asia, and trade frictions.

oilprice.com

Oil Prices Jump After Court Blocks Trump’s Tariffs | OilPrice.com

A U.S. trade court struck down President Trump's tariffs, sparking a rise in oil prices as traders responded to the legal shift and stronger-than-expected demand signals.

oilprice.com

 

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US-authorised buyers of Venezuelan oil complete transactions as licenses expire

Buyers of Venezuelan oil under US licenses and authorisations have completed loadings and the vessels departed as a period granted by Washington to wind down tr

www.bairdmaritime.com

 

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Russia’s ‘Shadow Fleet’ Readies for Summer as Sanctioned LNG Carriers Receive Permits for Arctic Route

In recent days at least a half-dozen sanctioned LNG carriers have received permits to sail Russia’s Northern Sea Route this summer. The vessels include last summer’s “shadow fleet” carriers Arctic Metagas (ex-Everest Energy) and Arctic Mulan (ex-Mulan) as well as recently-reflagged and...

gcaptain.com

 

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Death Toll in Angola Platform Fire Rises to Three

Three of the workers who were injured in a platform fire off Angola have died of their wounds, according to the country's mineral resources minis...

maritime-executive.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Brent Slides Below $64 as Trump and OPEC+ Rattle Crude Markets | OilPrice.com

The double whammy of OPEC+’s unpredictability and Donald Trump’s heated rhetoric over China ‘totally violating its agreement’ with the US put oil prices under renewed pressure

oilprice.com

 

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Russia Begins Escort of Shadow Fleet in the Baltic | What is the Parallel Fleet? | Cable Cutting​

May 31, 2025 #supplychain #baltic #darkfleet
In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the Russian decision to escort ships of the Shadow Fleet in the Baltic. What is the background on the Shadow Fleet, issues in the Baltic and what does depress oil prices mean going forward?
Read more including stories / articles mentioned below the vid on youtube.

Russia Begins Escort of Shadow Fleet in the Baltic | What is the

 

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Trump Administration Support Sparks Revival of Northeast Gas Pipelines

U.S. energy company Williams Cos WMB.N said on Thursday it was working with federal and state regulators to revive two previously canceled natural gas pipelines from Pennsylvania to New York.

gcaptain.com