Oil Market News, OPEC+, sanctions and price shocks

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U.S. Energy Secretary Pushes Back on the EIA's Oil Decline Narrative | OilPrice.com

Energy Secretary Chris Wright disputes the EIA’s forecast of a U.S. oil production decline in 2026, asserting that lower costs and resilient drilling will sustain output.

oilprice.com

 

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What Are Iran And Russia Really Up To In The Caspian Sea? | OilPrice.com

As part of a 20-year cooperation pact, Iran is supplying Russia with drones and ballistic missiles in exchange for military and nuclear support, with Caspian oil revenues helping finance these exchanges.

oilprice.com

 

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Most G7 Members Ready to Lower Russian Oil Price Cap Without U.S.

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.

gcaptain.com

 

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Oil Forecasters Rush to Revise Outlooks as Israel-Iran Conflict Escalates | OilPrice.com

Crude oil forecasts are being rapidly revised as escalating Israel-Iran tensions threaten supply routes and push prices higher amid fears of regional conflict.

oilprice.com

 

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Tankers Keep Moving Through Strait of Hormuz as Israel-Iran Conflict Escalates

Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel's attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region.

gcaptain.com

 

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LIVE: Oil Prices Surge As Israel-Iran Conflict Heats Up | OilPrice.com

Israel launched military strikes against Iran's nuclear facilities, leading to a significant surge in global oil prices and increased geopolitical uncertainty.

oilprice.com

 

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Tanker sale and purchase activity subdued as newbuild orders tumble

Values of secondhand VLCCs have registered a slight upturn of late as earnings for crude tankers have remained historically strong

www.lloydslist.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Oil Prices Soar After Israel Targets Iran's Nuclear Program | OilPrice.com

Oil prices are set to post a massive daily gain after Israel targeted Iran's nuclear program and killed key military commanders.

oilprice.com

 

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An Overview Of Iran's Main Gas Field And Oil Infrastructure

DOHA, June 15 (Reuters) – Israel struck an installation at Iran’s South Pars gas field on Saturday, the first attack on Iran’s oil and gas sector as part of what the Israeli...

gcaptain.com

 

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Oil Shippers Pause Offers to Middle East as Conflict Intensifies

Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes since Friday as they assess the risks from Israel’s conflict with Iran, fueling concerns over export flows from the region.

gcaptain.com

 

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Laden Frontline VLCC collides with shadow suezmax tanker off Khorfakkan - Splash247

A collision occurred at 1:14 am Dubai time overnight between two tankers, the Antigua Barbuda-flagged Adalynn suezmax, part of the shadow fleet, and the Liberian-flagged Front Eagle VLCC, near the Khorfakkan anchorage in the Gulf of Oman. The impact resulted in a fire aboard the Adalynn and...

splash247.com

24 Crewmembers Rescued After Tanker Collision in Gulf of Oman

Early reports indicate that two tankers have collided off the coast of Khor Fakkan, UAE, possibly resulting in a fire.AIS data provided by...

maritime-executive.com

 

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Banks Boost Fossil Fuel Financing for The First Time since 2021 | OilPrice.com

A new report indicates the world's largest banks increased fossil fuel financing in 2024, reversing a trend of decline since 2021.

oilprice.com

 

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Breakwave Bi-Weekly Tanker Report - June 17, 2025​

Jun 17, 2025
For the full report visit our website www.breakwaveadvisors.com , or click here: https://static1.squarespace.com/stati...


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Navigation Error Suspected in VLCC-Suezmax Crash Off Fujairah Amid Rising Gulf Tensions

A VLCC supertanker and a Suezmax tanker collided in the Gulf of Oman early Tuesday morning, resulting in fires aboard both vessels but no reported injuries or pollution, according to...

gcaptain.com

 

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EU Proposes Phase-Out Of Russian Gas by 2027, Currently Spends €1.5bn Each Month on Imports

The European Commission announced the details for its proposed ban of Russian gas and oil. Short-term and new contracts could come to an end in 2026, but the bulk of imports under long-term agreements would continue for another 2.5 years, potentially sending another €30-40 billion to Russia.

www.highnorthnews.com

 

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Samsung Cancels Order For Icebreaking Gas Carriers For Russia’s Sanctioned Arctic LNG 2 Project

South Korean shipbuilder Samsung Heavy Industries (SHI) has terminated a contract to build icebreaking LNG carriers in partnership with Russia’s Zvezda shipyard. The ships were intended for transport of liquefied...

gcaptain.com

 

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Australia places sanctions on 60 Russian tankers - Splash247

The government of Australia has imposed targeted sanctions on 60 vessels linked to Russia’s so-called shadow fleet used to circumvent restrictions on oil and gas exports. This move marks the first time Australia has imposed sanctions against the shadow fleet. The vessels within the fleet are...

splash247.com

 

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More:

Barstad: Owner of Shadow Fleet Tanker Couldn't Be Found After Collision

After the tanker Front Eagle collided with the "dark fleet" tanker Adalynn in the Gulf of Oman earlier this week, operator Frontline couldn't eve...

maritime-executive.com

 

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Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

 

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Nigerian Navy Seizes 76 Vessels in Two-Year Crackdown on Oil Theft

The Nigerian Navy has arrested 76 vessels and at least 242 suspects in anti-oil theft operations, and destroyed more than 800 illegal refining sites during a two-year crackdown, it said on Thursday.

gcaptain.com

 

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Denmark is Tracking Stateless Tanker as it Transits Straits

Danish authorities confirmed that they have identified a tanker that they believed provided false information regarding its flag and possible insuran...

maritime-executive.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Expect Oil Price Volatility as Trump Weighs Iran Intervention | OilPrice.com

Brent crude prices fluctuated sharply this week, closing slightly lower as escalating Israel-Iran tensions outweighed traditional market drivers.

oilprice.com

 

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GPS Jamming in Strait of Hormuz Raises Maritime Safety Concerns After Tanker Collision

A significant increase in GPS jamming and spoofing incidents along the Iranian coast is raising serious concerns about maritime safety in one of the world’s most critical shipping channels. According...

gcaptain.com

 

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