Oil Market News, OPEC+, sanctions and price shocks
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- Messages
- 42,111
- Reaction score
- 7,185
- Points
- 288
Tanker Awaiting Scrapping Stuck in Limbo by US Sanctions
The Bangladeshi scrappers community and the cash buyers are dealing with what they termed a “highly unusual incident” after one of the ships that was...
maritime-executive.com
- Messages
- 42,111
- Reaction score
- 7,185
- Points
- 288
OPEC+ Set For Fourth Oil Quota Hike Since Hormuz Closure
By Ahmad Ghaddar and Olesya Astakhova LONDON, June 7 (Reuters) – OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even...
gcaptain.com
- Messages
- 42,111
- Reaction score
- 7,185
- Points
- 288
- Iran and Israel have traded strikes for the first time since the Middle East ceasefire came into effect in April.
- U.S. President Donald Trump has been briefed on renewed fighting between Iran and Israel.
- Meanwhile, OPEC+ agreed to increase targets by 188,000 bpd from July.
Oil prices spike over 4% as Iran and Israel trade strikes
Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.
- Messages
- 42,111
- Reaction score
- 7,185
- Points
- 288
Kinahan Cartel Linked to Iran’s IRGC Dark Fleet Operations
Reports in the UK's Sunday Times are linking the seizure of an OFAC-sanctioned VLCC tanker, the Majestic X (IMO 9198317), to the Kinahan drugs cartel...
maritime-executive.com
Treasury Blacklists Six More LPG Carriers for Moving Iranian Gas
On Friday, the U.S. Office of Foreign Assets Control put sanctions on six more Iran-linked LPG carriers, adding to the long list of blacklisted vessel...
maritime-executive.com
- Messages
- 42,111
- Reaction score
- 7,185
- Points
- 288
Russian Shadow Fleet Tankers Are Bypassing the UK Channel
At least 12 sanctioned Russian shadow fleet tankers are sailing around Great Britain to avoid UK scrutiny. See the vessels, routes, and what it signals.
windward.ai
- Messages
- 42,111
- Reaction score
- 7,185
- Points
- 288
Post-War Oil Trade Could Look Nothing Like It Did Before Hormuz | OilPrice.com
Persian Gulf exporters are racing to bypass Hormuz by expanding pipeline infrastructure, with the UAE, Saudi Arabia, and Iraq investing in alternative export routes.
oilprice.com