Oil Market News, OPEC+, sanctions and price shocks
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Oil Prices Dip on Expectations of Another OPEC+ Production Hike | OilPrice.com
On a quiet trading day, oil prices moved slightly lower due to expectations of another output hike from OPEC+ when the group meets on Saturday.
oilprice.com
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This one is a bit different. Life on board an oil rig.
In between the storms, we seize the opportunity to tackle essential tasks like painting, maintenance, and exercises. However, it's not just our crew that benefits from the tranquil seas – oil platforms also take advantage of the weather to carry out crucial operations.
During these periods, our Mother Ship & Daughter Craft play a vital role in providing safety cover for workers on the platforms, ranging from scaffolders and abseilers to structural surveyors. It's a time when teamwork and vigilance are paramount, ensuring that everyone stays safe while making the most of the calm before the next storm.
Time stamp below the vid on youtube.
45:42
The Gathering Storm - Force 1
Jul 6, 2025In between the storms, we seize the opportunity to tackle essential tasks like painting, maintenance, and exercises. However, it's not just our crew that benefits from the tranquil seas – oil platforms also take advantage of the weather to carry out crucial operations.
During these periods, our Mother Ship & Daughter Craft play a vital role in providing safety cover for workers on the platforms, ranging from scaffolders and abseilers to structural surveyors. It's a time when teamwork and vigilance are paramount, ensuring that everyone stays safe while making the most of the calm before the next storm.
Time stamp below the vid on youtube.
45:42
- Messages
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- Reaction score
- 4,860
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Russian crude exports hit four-month low amid weaker Chinese demand
HIGHLIGHTSTotal seaborne crude exports close to year-to-date average
Chinese buyers cut purchases on maintenance, pricing
Gasoil flows to Brazil curbed by EU, UK sanctions
Russia's seaborne crude exports fell to their lowest in four months in June, according to cargo-tracking data, as Chinese buyers cut back their purchases amid refinery maintenance, less favorable pricing and a forecast rise in pipeline imports.
Russia-origin crude liftings from Russian ports reached 3.43 million b/d, down from a seven-month high of 3.67 million b/d in May but close to the year-to-date average, data from S&P Global Commodities at Sea shows.
The OPEC+ member in May exported 977,000 b/d to China, the second-largest buyer of Russian crude, down from a five-month high of 1.15 million b/d in May.
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