Oil Market News, OPEC+, sanctions and price shocks

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EU Imports of Russian LNG Decrease by One-Third During Month of April

For the first time since the full-scale invasion of Ukraine EU imports of Russian liquefied natural gas have recorded a significant drop. Figures for April indicate a 35 percent reduction in deliveries in comparison to the same period last year. But it remains unclear if the reduction is just a...

www.highnorthnews.com

 

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Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade

On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela.

gcaptain.com

 

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New Canadian Tankers to Shuttle Oil Products to East Coast Ports

Algoma Central Corporation, known for its dry bulk operations, has commissioned the first of two newly built product tankers that will be used for ser...

maritime-executive.com

 

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This one is a bit different. Joe F (merchant seaman) describes a little of what it's like to work on a tanker.

TANKER LOADING IN LAKE CHARLES LOUISIANNA | CARGO OPERATIONS | DROPPING THE ANCHOR | SHIP'S vLOG 2​

Apr 29, 2025 LAKE CHARLES


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This one is a bit different but related.

Renewable natural gas: growing significance in a niche market

Renewable natural gas will be in demand to help reduce emissions and diversify energy supply chains

think.ing.com

 

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Russia Reflags, Renames Sanctioned ‘Shadow Fleet’ LNG Tankers Ahead of Suspected Arctic LNG 2 Startup

Four ice-strengthened newbuild LNG carriers have been reflagged to the Russian Federation along with name changes. The vessels are part of Russia’s emerging ‘shadow fleet’ designed to deliver sanctioned liquefied natural gas from the Arctic.

gcaptain.com

 

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Saudi Signals and Trump Tariffs Are Cracking the Oil Market | OilPrice.com

Standard Chartered warns the price weakness may persist, citing Trump’s tariff policy, rising Kazakh and Iraqi output, and potential OPEC+ supply boosts despite tight inventory conditions.

oilprice.com

 

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Shadow fleet plays name game in Arctic waters

The owners of the LNG tankers that have lied idle in the Russian part of the Barents Sea for almost five months suddenly decided to give the ships new names and flag states.

www.thebarentsobserver.com

 

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Russia’s Arctic ‘Yamal LNG’ Gas Plant Saw a Record 287 Cargo Loadings in 2024

While Western sanctions have impeded or complicated much of Russia’s energy economy, the Yamal LNG plant continues to export liquefied gas like clockwork. Every month around 25 vessels load cargo at the Sabetta terminal, for a total of 287 deliveries in 2024, new data by Center for High North...

www.highnorthnews.com

 

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Oil Markets Enter May on the Back Foot | OilPrice.com

Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment.

oilprice.com

Ghost Ships Skirt Sanctions in Venezuelan Oil Trade | OilPrice.com

An increasing number of "zombie" or "phantom" oil tankers are being used to circumvent US trade restrictions on Venezuelan oil by assuming the identities of scrapped ships and participating in dark fleet operations.

oilprice.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

 

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OPEC+ To Further Speed Up Oil Output Hikes

By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW, May 4 (Reuters) – OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November,...

gcaptain.com

 

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Russia Backs Iraqi Push To Reopen Key Oil Pipeline To Syria As Gateway To Europe | OilPrice.com

Russia, Iran, and Iraq are working to revive a strategic oil pipeline from Iraq to Syria's Mediterranean coast.

oilprice.com

 

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Breakwave Bi-Weekly Tanker Report - May 6, 2025​

May 6, 2025

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

Breakwave Bi-Weekly Tanker Report - May 6, 2025

 

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$14bn: Moscow’s shadow fleet outlay over the last three years - Splash247

Russia has spent $14bn buying just over 400 tankers for its so-called shadow fleet since May 2022, an armada that is now struggling to deliver exports around the world, according to new data from Navigating Russia, a substack penned by former Wall Street banker Craig Kennedy. Large-scale tanker...

splash247.com

 

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Russian ‘Shadow Fleet’ LNG Carriers Find Sanctions Reprieve in Chinese Maintenance Yard

Russia’s LNG shadow fleet continues to make moves in preparation for the upcoming Arctic summer shipping season. A second sanctioned LNG carrier has arrived at an East China shipyard after more than nine months at sea. Sputnik Energy (formerly Pioneer) joins East Energy (formerly Asya Energy) at...

gcaptain.com

 

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U.S., Russia In Quiet Talks to Bring Russian Gas Back to Europe | OilPrice.com

U.S. and Russian officials are quietly exploring pathways to restore Russian natural gas flows to Europe

oilprice.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Trade Optimism Pushes Oil Prices Higher | OilPrice.com

Oil prices have risen this week as markets anticipate potential progress in upcoming US-China trade talks aimed at easing tariff tensions.

oilprice.com

 

[pmbug]

 

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Traders Rebrand Venezuelan Oil for China as Brazilian, Sources and Tanker Trackers Say

Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions.

gcaptain.com

 

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Falling crude prices raise questions over US oil production | Wood Mackenzie

President Donald Trump was elected in part because of voters’ concerns about rising prices. Reducing the cost of living has been one of his declared objectives. His record so far has been mixed: consumer prices excluding food and energy continue to rise, albeit at a much slower rate than at the...

www.woodmac.com

 

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Something a little different.

TANKER DISCHARGING IN TAMPA FLORIDA | CARGO OPERATIONS | CARGO WATCH SHIP'S vLOG 4​

May 13, 2025 TAMPA #tampa #petrolum #cargoship


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Video: Estonia’s Effort to Stop Shadow Tanker Causes International Incident

Estonia’s efforts to inspect a shadow fleet tanker bound for Russia on Tuesday, May 13, caused an international incident involving the forces of Eston...

maritime-executive.com

 

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EU sanctions target nearly 200 Russia-linked ships - Splash247

European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting nearly 200 ships in the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The new round of sanctions, set to be adopted next week, comes as Moscow and...

splash247.com

 

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'We will do everything in our power to destroy Putin's shadow fleet'

The EU and UK have adopted another round of sanctions against Russia and its 'shadow fleet.' On the updated list of sanctioned vessels is the oil tanker that until recently sailed under the name RN Murmansk.

www.thebarentsobserver.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Brent Nears $65 on Renewed Trade Optimism | OilPrice.com

oil is riding high on the euphoria of not having debilitating tariffs on US imports to China, managed to lift ICE Brent around $65 per barrel towards the end of the week

oilprice.com

 

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Lawsuits Are Piling Up as Trump Upends U.S. Energy Regulation | OilPrice.com

Trump's energy and climate policies have sparked a wave of lawsuits from states, organizations, and industry leaders, with Equinor's Empire Wind 1 project at the forefront.

oilprice.com

 

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Inefficiencies proliferate across ageing global tanker fleet - Splash247

The vintage state of the global tanker fleet is leading to severe inefficiencies, with new data showing how many rust buckets have to spend more time not moving or in ballast. Data from broker Gibson shows 51% of the total tanker fleet of 25,000 dwt and above is aged 15 years and older and 22% …

splash247.com

 

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Aging Fleet - Gibson

The tanker fleet is aging. The last couple of years have seen few deliveries and little scrapping as a strong market and a growing dark fleet has kept many vessels from being beached. Second-hand asset values surged in the years following Russia’s invasion of Ukraine, as especially older vessels...

www.gibsons.co.uk

 

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Russia to Earn $160bn in Taxes From Northern Sea Route by 2035, Arctic Region Accounts for 7.5 Percent of GDP

New government figures highlight the critical role the Arctic plays in Russia’s economy. Projects along the main shipping corridor may generate massive tax revenues over the next decade and account for growing share of the country’s export and GDP.

www.highnorthnews.com

 

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EU Likely to Propose to G7 Lowering Price Cap on Russian Oil to $50 per Barrel

The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday.

gcaptain.com

 

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Breakwave Bi-Weekly Tanker Report - May 20, 2025​

May 20, 2025
For the full report visit our website www.breakwaveadvisors.com , or click here: https://static1.squarespace.com/stati...


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