Oil Market News, OPEC+, sanctions and price shocks

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China Buying Sanctioned Russian LNG at Deep Discounts

LONDON/SINGAPORE, Nov 19 (Reuters) – Russian liquefied natural gas producer Novatek has slashed the prices of its cargoes by 30% to 40% since August to entice Chinese buyers to purchase sanctioned gas from its...

gcaptain.com

Russia Ships Nearly 3 Million Tonnes of LNG to Asia via Emerging Arctic Shortcut

With thick winter sea ice making a return to the Arctic Russia’s Novatek has likely shipped its final cargo of liquefied natural gas of the year via the Northern Sea Route. The company uses the Arctic shortcut to Asia between June and November.

gcaptain.com

 

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Danwatch: Uniformed Overseers Appear on "Shadow Fleet" Tankers in Baltic

The steady flow of Russian "shadow fleet" tankers through the Baltic has unnerved authorities in Denmark for years, since the aging vessels transit th...

maritime-executive.com

 

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Refining Margins Soar as Global Oil Product Markets Tighten | OilPrice.com

Attacks on Russian refineries, planned maintenance, refinery outages and unplanned repairs have reduced global refining capacity.

oilprice.com

 

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Greece-Owned Tankers Exit Russia Crude Trades Ahead of U.S. Sanctions Deadline

There’s been a drastic and immediate fall in the number of Greece-owned tankers lifting Russian crude to the lowest level since the invasion of Ukraine, amid widespread disruption ahead of a U.S. sanctions deadline on Rosneft and Lukoil.

windward.ai

 

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With backing from Beijing, LNG carrier sails Arctic route to banned Russian gas terminal

The Buran is part of a tanker fleet that continues to shuttle to Novatek's sanctioned LNG terminal in the far northern Gydan Peninsula. The Russian company now gives Chinese buyers a major discount on gas from the Arctic LNG 2 project.

www.thebarentsobserver.com

 

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Russian Oil Risks Being Stranded at Sea as US Sanctions Hit​

(Bloomberg) — US sanctions that came into force on Friday could leave nearly 48 million barrels of Russian crude stranded on the water, pushing dozens of tankers to scramble for alternative destinations in the latest overhaul of the global oil trade.

Washington’s move last month to blacklist top oil producers Rosneft PJSC and Lukoil PJSC is arguably its most aggressive to date under the current administration, as President Donald Trump tries to dial up pressure on the Kremlin over the war in Ukraine. The US Treasury said earlier this week that the measures were already a success, given lower demand and discounts on key Russian oil grades.

More:

https://finance.yahoo.com/news/russian-oil-risks-being-stranded-050100998.html

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Oil Drops Again as Washington and Kyiv Explore Peace Path | OilPrice.com

Donald Trump’s 28-point peace proposal to end the Russia-Ukraine war has become the main talking point of oil markets this week, with potentially higher Russian supply capping ICE Brent futures below $63 per barrel.

oilprice.com

 

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Sanctioned Russian Tanker ‘Seahorse’ Reaches Venezuela Following Earlier U.S. Navy Blockade

The Russian oil tanker Seahorse arrived in Venezuelan waters on November 23 AIS data show suggesting that initial reports last week of a U.S. Navy blockade against the vessel may have been premature.

gcaptain.com

 

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India Turns to U.S. Energy to Shield Itself From Massive Tariffs | OilPrice.com

India has sealed a landmark LPG import deal with the United States to ease tariff pressures from the Trump administration and rebalance bilateral trade.

oilprice.com

 

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New Monster Gas Wells Are Outperforming Legacy Haynesville Deposits | OilPrice.com

The emerging Western Haynesville natural gas play is attracting major operators like Comstock with its highly productive wells, but its long-term viability hinges on reducing drilling and completion costs from $35 million to a more economic $25 million per well.

oilprice.com

 

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Iranian Oil Held at Sea Hits Most Since ‘23 as China Demand Lags

The amount of Iranian crude held on tankers at sea has swelled to the highest in two-and-a-half years, reflecting slower demand from top buyer China even as exports from the OPEC member remain elevated.

gcaptain.com

Russia Sees Scope for Oil Exports Boost to China, Urges Cooperation in LNG

Russia sees scope to boost oil exports to China and to deepen cooperation on supplies of liquefied natural gas, Russian Deputy Prime Minister Alexander Novak said on Tuesday in Beijing.

gcaptain.com

 

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India’s Nayara Energy Defies Sanctions With Record Russian Intake | OilPrice.com

Crude intake at Nayara’s 400,000-b/d Vadinar refinery plunged to just 240,000 b/d after EU and US sanctions hit in August, but rebounded to 420,000 b/d in November.

oilprice.com

 

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China’s LNG Imports Set to Drop for 13th Month, Kpler Data Show

Seaborne shipments of liquefied natural gas to China in November are set to drop for a 13th straight month on an annual basis, extending a slump in purchases as domestic output and piped imports remain strong.

gcaptain.com

 

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Gasoline Drops Below $3 in Half the U.S | OilPrice.com

A 17% year-to-date decline in oil prices, cheaper winter fuel blends, and lower post-Thanksgiving demand are combining to push pump prices down

oilprice.com

 

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Stop Russia’s Arctic LNG now: The G7 Must Shut Down the Tankers Financing Putin’s War

www.highnorthnews.com

 

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Iranian Watchdog NGO UANI Adds 23 Tankers to “Ghost Armada”

Marking the fifth anniversary of the publication of its listing of the “Ghost Armada,” the NGO United Against Nuclear Iran (UANI) is adding additiona...

maritime-executive.com

 

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Oil Holds Gains, Natural Gas Jumps as OPEC+ Meeting Nears | OilPrice.com

As Russia-Ukraine peace talks drag on, dampening last week’s hopes that a swift resolution could be around the corner, ICE Brent has settled comfortably around $63 per barrel by the end of this week.

oilprice.com

 

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BIMCO Sees Tanker Markets Splitting as Geopolitics Reshape Global Oil Trade

The global tanker shipping industry stands at a crossroads as crude and product carriers face starkly different market conditions over the next two years, according to a new analysis from...

gcaptain.com

Two Sanctioned Tankers Catch Fire in Black Sea After Suspected Mine Strikes

Two sanctioned tankers caught fire in the Black Sea on Friday after reporting external impacts off the Turkish coast, with all crew members reported safe as Turkish rescue units responded...

gcaptain.com

 

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Ukraine’s Oil Strikes Are Hurting Russia’s War Economy | OilPrice.com

Ukraine’s expanding long-range and swarm-drone campaign has already disabled 10% of Russia’s oil refining capacity, cutting fuel supplies and export revenues while pressuring the core of the Kremlin’s war economy.

oilprice.com

 

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CPC Reports Halts In Black Sea Oil Loading After New Attack

By Bloomberg News Nov 29, 2025 (Bloomberg) –The Caspian Pipeline Consortium, which handles most of Kazakhstan’s crude exports through Russia to the Black Sea, halted loading after one of its three...

gcaptain.com

 

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OPEC+ Keeps Oil Output Steady and Approves Historic Capacity Mechanism | OilPrice.com

OPEC+ kept production steady for Q1 2026 while approving a long-debated plan to reassess member production capacities that will shape future quotas and internal power dynamics.

oilprice.com

 

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Senegal Tanker Blast Puts Spotlight on Turkish Operator’s Ties to Russia’s Dark Fleet

Several tankers operated by Turkey’s Be?ikta? Likid, the operator of the Mersin, were sanctioned by Ukraine in the past for their involvement in ship-to-ship transfers linked to the so-called dark fleet, according to shipping records and Ukrainian government listings.

gcaptain.com

 

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Breakwave Bi-Weekly Tanker Report - December 2, 2025​

Dec 2, 2025
For the full report visit our website www.breakwaveadvisors.com , or click here: https://static1.squarespace.com/stati...


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Trump Moves to Supercharge U.S. LNG as Exports Hit New Highs | OilPrice.com

Rising exports are tightening domestic supply, driving U.S. natural gas prices sharply higher as winter demand surges.

oilprice.com

 

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Russia likely to retaliate following Ukraine attacks on shadow fleet tankers

Sanctioned product tanker <em>Virat</em> and shadow fleet crude oil tanker <em>Kairo</em> were hit by naval drones, Ukrainian security services confirmed

www.lloydslist.com

 

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Europe Is Nearing Deal to End Russian Fossil Fuels Imports

The European Union is closing in on a deal to phase out Russian fossil fuels, a move that will embed into law the end of the bloc’s reliance on its former top energy supplier.

gcaptain.com

 

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

www.eia.gov

 

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U.S. Waiver Lets Lukoil Stations Abroad Keep Operating Despite Sanctions | OilPrice.com

The Treasury Department has quietly issued an exception to its own Russian sanctions list, allowing transactions with Lukoil-branded gas stations that are outside Russia through April 29, 2026

oilprice.com

 

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New finding is making 'Goliat' even bigger

The Vår Energi oil company has made a discovery near its Goliat field in the Barents Sea. Despite climate concerns, Norway will in 2026 boost its oil investments by 7% to about 275 billion kroner (€23,34 billion).

www.thebarentsobserver.com

 

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CPC Cuts Fail to Lift Brent as Saudi Pricing Undercuts Rally | OilPrice.com

Oil prices remained stuck in a narrow range this week, with Brent hovering around $63 per barrel.

oilprice.com

How Digital Oilfields Could Unlock $320 Billion in Savings | OilPrice.com

Digitalization is rapidly transforming the oilfield services sector, unlocking hundreds of billions in potential savings while driving new business models, partnerships, and valuation premiums for companies that scale technology successfully.

oilprice.com

 

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U.S. retail gasoline prices fall below $3 per gallon, the lowest since 2021 - U.S. Energy Information Administration (EIA)

www.eia.gov

 

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G7, EU Weigh Full Ban on Maritime Services for Russian Oil

The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia's war in Ukraine, six sources familiar with the matter said.

gcaptain.com

 

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