Oil Market News, OPEC+, sanctions and price shocks

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Weekly Petroleum Status Report - U.S. Energy Information Administration (EIA)

www.eia.gov

 

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UAE Wants to End its Reliance on Shipping Through Strait of Hormuz

The United Arab Emirates exports about three million barrels of crude oil every day, and has been diverting as much as possible through a pipeline sys...

maritime-executive.com

 

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State of Global Oil Inventories Ruins Iran Peace Optimism | OilPrice.com

Oil markets may be celebrating the U.S.-Iran peace deal too early, as reopening the Strait of Hormuz will not immediately restore tanker traffic, production, refining activity, or insurance coverage.

oilprice.com

 

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Alaska natural gas pipeline dreams stretch over half a century - ArcticToday

The president of the United States urged lawmakers to do everything they can to make the long-desired Alaska natural gas pipeline a reality. “It is in the national interest to bring Alaskan gas reserves to market at the lowest possible price for consumers,” the president said in an official...

www.arctictoday.com

 

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Natural Gas - U.S. Energy Information Administration (EIA)

www.eia.gov

 

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EU Closes Russian LNG Loophole, Barring European Shipowners and Buyers From Global Trade in Yamal Cargoes

The European Union has clarified that its upcoming ban on Russian liquefied natural gas extends far beyond imports into Europe, prohibiting EU operators from transporting, trading or marketing Russian LNG anywhere in the world, a move with major implications for both shipping companies and...

gcaptain.com

 

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Why Oil Prices Are Falling Even as Tankers Remain Trapped | OilPrice.com

Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following the U.S.-Iran ceasefire.

oilprice.com

 

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Benchmark diesel price falls below $5 per gallon

Excerpt: The benchmark used for most fuel surcharges is below $5 for the first time since early March.

www.freightwaves.com

 

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Damen admits Russia-linked LNG repair despite pledge

A Dutch yard serviced a Russia-linked LNG carrier after vowing to stop, exposing how hard Europe’s energy break really is.

en.highnorthnews.com

 

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Gasoline and Diesel Fuel Update

Gasoline and diesel fuel prices released weekly.

www.eia.gov

 

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US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack | OilPrice.com

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 765,000 barrels in the week ending June 19.

oilprice.com

 

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Live Oil Prices — Real-Time Crude Oil & Energy Market Data

Track WTI, Brent, natural gas, and 10+ energy commodities with live prices, interactive charts, and breaking market news.

www.liveoilprices.com

 

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U.S. commercial crude oil inventories have decreased in June - U.S. Energy Information Administration (EIA)

www.eia.gov

 

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Weekly Petroleum Status Report - U.S. Energy Information Administration (EIA)

www.eia.gov

 

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China opens new route for Arctic LNG 2 cargoes

A second Chinese LNG terminal could boost sanctioned Arctic LNG 2 exports and cut shipping distances via the Northern Sea Route.

en.highnorthnews.com

 

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• Chevron Chief Financial Officer Eimear Bonner told CNBC she expects U.S. gasoline prices to fall.
• Her comments come shortly after Trump accused Big Oil of “gouging” consumers by failing to lower gasoline prices in line with the recent decline in oil prices.
• The U.S. president said prices should be at $2.25 per gallon “and we are higher than that.

Chevron says no quick fix for gas prices as Trump takes on Big Oil: ‘It’s going to take time’

Her comments come shortly after President Donald Trump ordered an investigation into Big Oil, accusing them of "gouging" consumers.

www.cnbc.com

 

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France Seizes 'Shadow Fleet' Tanker, Stepping Up Pressure on Russia

PARIS, June 25 (Reuters) – France’s navy seized another tanker it said was linked to Russia’s “shadow fleet” on Thursday, underscoring the escalation this year in European efforts to enforce sanctions and...

gcaptain.com

 

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Trump turns on big oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging​

Oil and gas chiefs may have quietly cracked a smile when Donald Trump won the 2024 presidential election. Oil billionaire Harold Hamm, founder of Continental Resources, called it “the most important election in our lifetime” as he made calls urging energy executives to donate to Trump’s campaign. Vicki Hollub, then-CEO of Occidental Petroleum, also called Trump’s win “very positive” for the oil and gas sector. And for his part, Trump similarly wooed the industry during the campaign, pledging environmental rollbacks and lax tax structures.

But the special relationship between the president and the country’s fossil fuel industry has been frosty as of late. After months of increased gas prices and concerns over inflation and affordability, Trump has started pointing fingers at some of his closest industry backers, who courted him just years earlier. Writing in a Truth Social post Wednesday morning, Trump seemed to blame the industry for the sky-high gas prices Americans are feeling at the pump.

More:

https://www.msn.com/en-us/money/mar...or-price-gouging/ar-AA26yn6v?ocid=socialshare

 

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Metered electricity demand in the New York ISO falls midday because of small-scale solar - U.S. Energy Information Administration (EIA)

www.eia.gov

 

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Natural Gas - U.S. Energy Information Administration (EIA)

www.eia.gov