Oil Market News, OPEC+, sanctions and price shocks

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Iran’s Oil Boom Continues, Powered by Russian-Chinese Support | OilPrice.com

Russia is leading new development efforts in key shared oilfields like Changuleh, Cheshmeh-Khosh, and Arvand.

oilprice.com

North Sea Oil: Booming in Norway and Doomed in the UK | OilPrice.com

The UK’s windfall tax and scrapped investment allowances have driven out major producers like Ineos and Apache, with 2025 set to be the first year since 1960 without a single new exploration well in the UK North Sea.

oilprice.com

 

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China Port Fees Jack-Up Oil Tanker Costs and Cause Market Chaos

China’s retaliatory port levies are exposing oil shipping companies to hefty fees, making them scramble for relevant paperwork, and contributing to delays, cancellations and spiraling freight costs.

gcaptain.com

 

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UK Sanctions Russia's Two Biggest Oil Exporters

For the first time, the government of the UK has directly sanctioned top Russian oil exporters Rosneft and Lukoil, the two biggest crude producers in...

maritime-executive.com

 

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Oil Tanker Rates Soar as U.S. and China Escalate Port Trade War | OilPrice.com

Around 13% of the global crude tanker fleet could be affected, with VLCC rates on the Middle East–China route surging and a two-tier market emerging between China-compliant and non-compliant vessels.

oilprice.com

 

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Weekly Petroleum Status Report - U.S. Energy Information Administration (EIA)

www.eia.gov