Oil Market News, OPEC+, sanctions and price shocks

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Swinging LPG market: An in-depth analysis from the price perspective

31 Oct 2025: Saudi Aramco’s recent price cut, bringing it to the lowest since August 2023, has intensified competition with the US and boosted its share in the Asian market, leading to dynamic changes in LPG shipping. Drewry analyses the possible impact on the trade and shipping rates from this...

www.drewry.co.uk

 

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Commercial Tankers Damaged in Russian Port by Ukrainian Drones | The Ocean Becoming Less Safe​

November 3, 2025
In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses Ukrainian drone strike against the Russian port of Tuapse, the damage inflicted on three commercial tankers, and what this can mean for global shipping in the Black Sea and worldwide.


11:05

 

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U.S. Becomes First Country to Export 10 Million Tonnes of LNG in Single Month

The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial firm LSEG.

gcaptain.com

 

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Video: Ukrainian Drones Hit Russian-Occupied Jackup Rig off Crimea

Ukraine's navy has conducted an air and surface drone strike on a Russian oil platform complex in the Black Sea, which has reportedly been in use as a...

maritime-executive.com

 

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Breakwave Bi-Weekly Tanker Report-November 4, 2025​

Nov 4, 2025
For the full report visit our website www.breakwaveadvisors.com , or click here: https://static1.squarespace.com/stati...


1:44

 

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Russia, Turkey in Talks to Keep Same Gas Volume in Renewed Deals

Russia and Turkey are in talks to keep up the volumes of gas supplies from Gazprom PJSC as they negotiate the renewal of two major pipeline supply deals, according to people familiar with the matter.

gcaptain.com

 

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Russian oil exports hit turbulence as US sanctions bite - Splash247

Russia’s seaborne crude exports are facing their sharpest disruption of the war era as new US sanctions begin to reshape global oil flows. Bloomberg data show four-week average shipments slipped to 3.58m barrels per day by November 2, down almost 200,000 barrels per day from late October — the...

splash247.com

 

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Markets Scramble to Assess the Size of the Oil Glut | OilPrice.com

The oil market is bracing for a significant oversupply due to surging supply, subdued demand, and US sanctions on Russian producers, leading to varying estimates of the glut's size and a pause in OPEC+ output hikes.

oilprice.com

 

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Suez Canal Authority Denies Role in Detention of Sanctioned Russian Tanker

The Suez Canal Authority (SCA) has issued a strong denial of reports claiming it detained the Russian-flagged crude oil tanker Dignity, stating that the vessel’s detention stems from a private...

gcaptain.com

Oil Tankers Get ‘Dirty’ Ditching Fuels for Crude as Rates Boom

A spike in freight rates for tankers hauling oil has prompted a wave of vessels to join the lucrative trade, with dozens of ships switching their focus from hauling products to carrying crude across the world’s ocean

gcaptain.com

Western Sanctions Pushing Record Volumes into Floating Storage, Gunvor CEO Says

Western sanctions on Russia and Iran are creating record volumes of oil stored onboard vessels, preventing a supply glut from forming in global markets, Gunvor Group's CEO said on Wednesday.

gcaptain.com

 

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$60 Oil Undercuts Trump’s ‘Drill, Baby, Drill’ Agenda | OilPrice.com

Despite favorable policies from the Trump administration, weak oil prices around $60 per barrel are causing U.S. shale producers to slow drilling and prioritize efficiency and capital allocation to preserve shareholder value.

oilprice.com

 

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Hungary Pushes for U.S. Oil Sanctions Waiver | OilPrice.com

Hungarian Prime Minister Viktor Orban’s visit to Washington highlights deepening U.S.-Hungary tensions over Russian oil sanctions despite his close personal rapport with President Donald Trump.

oilprice.com

Oil Prices Under Pressure Despite Trump's Venezuela Threats | OilPrice.com

Oil prices remain stagnant around $64 as traders weigh potential U.S. action on Venezuela against weaker domestic fuel demand caused by the government shutdown.

oilprice.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

 

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US Grants Hungary Exemption On Russia Sanctions

By Jeff Mason and Nandita Bose WASHINGTON, Nov 7 (Reuters) – The United States has granted Hungary a one-year exemption from U.S. sanctions for using Russian oil and gas, a White House...

gcaptain.com

 

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Russia's LNG 'Shadow Fleet' Stalls as Winter Nears, Vessels Idle or Turn Back

After a flurry of activity over the past three months Russia’s LNG ‘dark fleet’ is struggling to keep its momentum with winter approaching. LNG carriers made 13 deliveries to China’s Beihai terminal since the end of August, shipments now appear to slow down.

gcaptain.com

 

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Dark Fleet Bunkering Highlights Sanctions System's Weakness

The activities of two oilers which regularly refuel Russian dark fleet tankers in the Baltic are showing the imperfections and weaknesses of sanction...

maritime-executive.com

Despite U.S. Sanctions, Iran's Oil Exports Hit Record Levels

As Russia faces tightening Western sanctions on its oil exports, its producers may well look to Iran for tactics to evade restrictions and keep the c...

maritime-executive.com

 

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UK Offshore Industry Imposes 275-Pound Weight Limit on Workers

After extensive talks between offshore energy companies and HM Coastguard, the industry standards association Offshore Energy UK has announced that i...

maritime-executive.com

 

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Russian 'Dark Fleet' LNG Carrier Carrying Sanctioned Gas Reappears Off South China Coast

A liquefied natural gas tanker carrying sanctioned Russian gas has reappeared near China’s Hainan Island three weeks after a dark transfer. It is likely bound for the nearby Beihai terminal. The vessel received its cargo from a Chinese LNG carrier in the first-ever ship-to-ship transfer of...

gcaptain.com

 

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Sanctions Force Lukoil Into Force Majeure at Giant Iraqi Oilfield

American sanctions on Russian oil giant Lukoil have forced the company to declare force majeure for its Iraqi operations, taking nearly 10 percent of...

maritime-executive.com

Edit to add:

Lukoil’s Iraq Exit Marks Major Sanctions Victory for the West | OilPrice.com

Lukoil is withdrawing from Iraq’s major West Qurna 2 oil field following new Western sanctions, which is viewed as a significant victory in the geopolitical and petro-economic fight against Russia.

oilprice.com

 

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China's $468 Billion Energy Drive Sparks Global Oil Market Shakeup | OilPrice.com

China's state oil giants are ramping up domestic production and stock-building to secure energy self-sufficiency, threatening the market dominance of international oil companies.

oilprice.com

 

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Senate Revolt Over Venezuela Strikes Exposes US Oil Anxiety | OilPrice.com

Lawmakers fear that escalating tensions near Venezuela could threaten vital U.S. energy supply chains, especially crude imports from Chevron’s joint ventures with PDVSA.

oilprice.com

 

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Alaska’s Mega-Pipeline Gets a Second Chance in the Trump Energy Era | OilPrice.com

Baker Hughes has joined Glenfarne Alaska LNG as technology provider and investor in the $44 billion Alaska LNG Project.

oilprice.com

 

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World Oil and Gas Demand Could Grow Until 2050, IEA Says

Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S. criticism about its climate focus.

gcaptain.com

 

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UK bans maritime services for Russian LNG - Splash247

The UK government has announced sweeping maritime sanctions targeting Russia’s liquefied natural gas (LNG) exports, delivering a fresh blow to Moscow’s energy exports and sending ripples through the global shipping sector. Under the new measures, British-linked firms will be barred—from 2026...

splash247.com

 

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Why Big Oil Is Still Gushing Profits Despite Low Oil Prices | OilPrice.com

Despite oil prices trading about $15/bbl below their 52-week highs, Big Oil firms—Exxon, Chevron, Shell, and TotalEnergies—collectively earned over $21 billion in Q3.

oilprice.com

 

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'Shadow ships' take pole position on Northern Sea Route

And the Russian sea route administration that previously provided updated public information about Arctic ship traffic no longer delivers reliable data.

www.thebarentsobserver.com

 

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Op-Ed: Mideast Reclaims Key Role in VLCC Market as OPEC+ Reopens the Tap

As the global VLCC community gathers in Dubai for Bahri Week, all eyes are once again on OPEC and Middle East production policy. OPEC+ members, led b...

maritime-executive.com

 

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Bulgarian president vetoes law on seizure of Lukoil assets

Bulgaria's President Rumen Radev has vetoed legislative changes that would give sweeping powers to a government-appointed manager overseeing the ...

www.intellinews.com

 

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General News

ENGINE Online - Read the latest General News news.

engine.online

Black Sea Oil Disruption Fails to Shake Bearish Market Mood | OilPrice.com

The key Russian oil port of Novorossiysk on the Black Sea suspended oil exports on Friday, following a major Ukrainian attack on the port overnight.

oilprice.com

 

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Floating Oil Storage Surge Puts Market Balance on Edge | OilPrice.com

Analysts warn that if these stranded barrels find buyers, oil markets could tip into deep oversupply.

oilprice.com

 

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Short documentary from 1983.

" LOCATION NORTH SEA " BRITISH PETROLEUM (BP) FORTIES OIL

 

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Russia's Novorossiysk Port Resumes Oil Loadings After Ukrainian Attack

MOSCOW, Nov 16 (Reuters) – Russia’s Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missile and drone attack, two industry sources said and LSEG data showed. Novorossiysk...

gcaptain.com

Greece To Supply Ukraine With US Natural Gas For Winter

By Sotiris Nikas Nov 16, 2025 (Bloomberg) –Ukraine said it’s reached an agreement with Greece that will help secure the supply of natural gas for the coming winter heating season. Following...

gcaptain.com

 

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US LNG export build-out to boost natural gas demand

There are growing expectations that US natural gas demand is set to jump in the coming years

think.ing.com

 

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Iran confirms seizure of oil tanker in Gulf of Oman

Iran’s Islamic Revolutionary Guards Corps said in a statement that its units ‘tracked and seized the vessel following a judicial order to confiscate its cargo’, and further details would follow after a full inspection

www.lloydslist.com

 

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Britain to Ban Transport of Russian LNG on UK-linked Vessels

The UK continues to lead the way against Russia’s LNG sector. New measures will directly target the transport of Russian supercooled gas to markets around the world. The ban will disallow UK-linked companies from carrying the country’s gas or providing maritime services, such as insurance or...

www.highnorthnews.com

 

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Breakwave Bi-Weekly Tanker Report - November 18, 2025​

Nov 18, 2025
For the full report visit our website www.breakwaveadvisors.com , or click here: https://static1.squarespace.com/stati...


2:11

 

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Oil Tanker Seized by Iran Is Released With Cargo Missing

An oil tanker that was seized by Iranian forces last week has been freed but without its cargo, the vessel’s manager said. The crew of the Talara, which was captured on Friday, are safe and in good spirits, Columbia Shipmanagement said in a statement.

gcaptain.com

 

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After Strict U.S. Sanctions, Fewer Takers for Russian Oil

The new U.S. sanctions pressure on Russian oil appears to be having the intended effect, according to multiple reports from oil traders and tanker tr...

maritime-executive.com

 

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Is The UAE’s Gas Gamble in Syria A Triple Win for Washington? | OilPrice.com

Backed by U.S. sanctions relief and Arab cooperation through Saudi Arabia and the UAE, Washington aims to tie Syria’s recovery to its broader Middle East strategy

oilprice.com

Oil Prices Dip as Rising U.S. Inventories Deepen Oversupply Fears | OilPrice.com

Oil prices edged lower as rising U.S. inventories, Chinese stockpiling, and new projections of a global supply surplus reinforced a bearish outlook for crude.

oilprice.com

 

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How long can the crude tanker rate rally last and how could it end?

Sanctions are playing a starring role in the crude tanker rate boom, but so is underlying transport demand, which could extend the duration of the rally

www.lloydslist.com