Oil Market News, OPEC+, sanctions and price shocks

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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
 

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
 

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
 

Norway Takes Drone Inspections of Offshore Oil Platform to a New Level

(Bloomberg) — A major Norwegian oil field is taking the industry’s use of drones for safety inspections to a new level, with a permanently installed aircraft that’s operated remotely from...
gcaptain.com

Panama Defends Its Ship Registry Amid Accusations of Aiding Iran’s Sanctions Evasion

The Government of Panama has issued a strong rebuttal to accusations made by United Against Nuclear Iran (UANI) regarding its role in enforcing sanctions against Iran’s oil trade. Panama’s Maritime...
gcaptain.com
 
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