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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
 

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.

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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
 

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
 

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
 

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
 

Rosneft Oil Cargo Wanders for Weeks as Sanctions Mount | OilPrice.com

A cargo of crude oil from sanctioned Russian producer Rosneft has spent 11 weeks searching for a buyer across Europe and Asia, highlighting the impact of new U.S. sanctions.
oilprice.com

Kazakhstan Reroutes Kashagan Crude After Black Sea Pipeline Attack | OilPrice.com

Following a Ukrainian drone attack on the crucial Caspian Pipeline Consortium terminal in Russia's Black Sea, Kazakhstan is rerouting a portion of its Kashagan oil exports to China and the Baku-Tbilisi-Ceyhan pipeline.
oilprice.com
 
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