Oil Market News, OPEC+, sanctions and price shocks

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As fuel prices rise, US lawmakers push to suspend the federal gas tax

As gas prices approach $4 a gallon nationally amid the conflict in Iran, some lawmakers are pushing to suspend the federal gasoline tax.

apnews.com

 

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Third Dynacom tanker transits Hormuz but trickle of energy outflows still dominated by Iran

A third Dynacom tanker has been confirmed to have exited the Middle East Gulf through the Strait of Hormuz. It is only the 10th non-shadow fleet tanker since March 8 tracked to have exited the chokepoint, where transits are heavily skewed towards Iran-linked trade

www.lloydslist.com

 

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How Gas Prices Compare Around The World<!-- --> | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

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Oil prices rise with Brent heading for record monthly surge as Iran war enters fifth week

Oil prices climbed on Monday after Yemen's Houthis said they had fired missiles at Israel, opening a new front in the U.S.- and Israeli-led conflict with Iran.

www.cnbc.com

 

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U.S. Oil Closes Above $100 for First Time Since 2022 on Iran War

US oil prices ended Monday’s session above $100 a barrel for the first time since the US and Israel launched a war against Iran as President Donald Trump threatens further escalation of attacks, including on critical energy infrastructure.

gcaptain.com

Drone Strike Hits Laden Supertanker Off Dubai as Gulf Shipping Incidents Flare Again

A Kuwaiti supertanker carrying more than 2 million barrels of crude was struck by a drone in waters off Dubai late Monday, triggering a fire that was later brought under control without injuries or pollution, according to authorities and maritime security reports.

gcaptain.com

 

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Oil sees choppy trading as traders parse Trump comments on Iran war

Oil prices fell on Tuesday as U.S. President Donald Trump reportedly expressed willingness to end the military hostilities against Iran even if the Strait of Hormuz remains largely shut.

www.cnbc.com

 

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‘Arctic Metagaz’ Towing Operation Heads Toward Maltese Waters As Plans for Cargo Removal Unclear

The fate of the damaged tanker Arctic Metagaz remained uncertain as a Libyan-led towing operation pushed the vessel farther into the central Mediterranean, raising fresh questions about salvage plans, jurisdiction, and mounting weather risks.

gcaptain.com

 

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Tanker Hit Off Qatar in Renewed Wave of Gulf Attacks After 9-Day Lull

A fuel oil tanker chartered by QatarEnergy has been struck by a missile in waters off Qatar, marking a sharp escalation in maritime attacks and pushing the threat envelope closer to one of the world’s most critical LNG export hubs.

gcaptain.com

Asia LNG Imports Drop Most Since 2022 as Iran War Upends Supply

Asian liquefied natural gas imports fell the most in more than three years last month as the conflict in the Middle East choked supply and sent prices higher.

gcaptain.com

 

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Libya Abandons ‘Arctic Metagaz’ Salvage At Edge of Malta SAR Zone

Libyan authorities have effectively halted efforts to secure the stricken LNG tanker Arctic Metagaz, towing the vessel far offshore and leaving it adrift near the edge of Malta’s search and rescue (SAR) zone, according to maritime tracking data, regional media and OSINT reporting.

gcaptain.com

 

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• Trump said the U.S. will “hit” Iran “extremely hard” over the next two or three weeks.
• Trump added that the war won’t last long and that discussions with Tehran are ongoing.
• Oil tanker traffic through the Strait of Hormuz is unlikely to resume anytime soon: analysts.

Oil gains with Brent surging more than 6% as Trump's Iran war speech stokes fears of further escalation

Oil rose in volatile trading as Trump in his address to the nation on Iran war said that he expected the conflict to last another two to three weeks.

www.cnbc.com

 

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Tanker cycle timing: from ‘scramble mode’ to demand destruction

The Strait of Hormuz has never been closed before, so how this plays out for tanker rates is hypothetical. There have already been some surprises: spot rates are staying higher for longer, and replacement crude supplies are more abundant than expected

www.lloydslist.com

 

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Oil Price Today | Crude Oil Historical Charts & News | OilMonster

Stay updated with the latest oil price today, access historical price charts, and get the latest news on the crude oil market. Find information on production, exports, and more at OilMonster.

www.oilmonster.com

https://livebunkers.com/

 

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The Iran War and the Energy Lesson We Failed to Learn

How many energy crises will it take before we stop betting our economies on a fragile oil market? The U.S. and Israeli war with Iran quickly morphed from

warontherocks.com

 

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• With the Iran war now in its fifth week, Amazon is adding a 3.5% fuel and logistics surcharge for third-party sellers in the U.S. and Canada.
• The surcharge takes effect April 17, according to a notice to sellers.
• “Elevated costs in fuel and logistics have increased the cost of operating across the industry,” Amazon wrote in the notice.

Amazon to add 3.5% fuel and logistics surcharge for sellers as Iran war drives up energy prices

With the Iran war now in its fifth week, Amazon said it's adding a 3.5% fuel and logistics surcharge for third-party sellers in the U.S. and Canada.

www.cnbc.com

 

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Lila Global's VLCC bet pays off with 55% asset value surge in months - Splash247

Lila Global has nailed the tanker cycle, with its latest VLCC play delivering a striking asset value uplift in just a few months. In November, Splash reported that COSCO was offloading the Japanese-built, scrubber-fitted Cosgrand Lake (299,000 dwt, 2006) at a steep discount, linking the sale to...

splash247.com

 

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