Oil Market News, OPEC+, sanctions and price shocks

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oilprice.com

Diesel Crisis Threatens to Outlast the Middle East War | OilPrice.com

The global fuel squeeze is worsening despite sub-$100 crude, with European diesel prices up 70% since the war began and U.S. diesel cracks hitting record highs.
oilprice.com oilprice.com

oilprice.com

Iran Blacklists 45 Tankers as Hormuz Standoff Escalates | OilPrice.com

Iran has blacklisted dozens of tankers using the Strait of Hormuz and threatened wider penalties as the United States prepares a major new sanctions offensive against Tehran.
oilprice.com oilprice.com
 

Oil rises by over $1 as White House says no US-Iran talks happening​


NEW YORK, Aug 27 (Reuters) - Oil prices rose by more than $1 on Thursday, after Washington confirmed it was not in talks with Iran despite diplomatic efforts by other countries, and hopes dimmed for a resumption of oil flows through the Middle East.

Brent crude futures climbed $1.08, or 1.23%, to $88.92 a barrel at 11:35 a.m. ET (1535 GMT). U.S. West Texas Intermediate crude futures gained 19 cents, or 0.23%, to $82.42.

More:

https://www.msn.com/en-us/news/othe...-talks-happening/ar-AA2b3hD7?ocid=socialshare
 
***No clue as to the veracity of this. Posting as food for thought and a possible precursor to what could be a major disclosure.

Mysterious MAGA fuel chain pushed by Trump smacked with allegation it uses stolen gas​

President Donald Trump publicly praised the mysterious new "Freedom Fuel Network" for its patriotic low gas prices. A new lawsuit alleges the real secret behind those cheap fill-ups was theft.

Georgia-based fuel supplier Mansfield Oil Co. filed a complaint on August 19 claiming that KRSM, a company run by New Jersey fuel businessman Syed Kazmi, acquired more than 1 million gallons of fuel, worth roughly $4 million, from a Sunoco terminal and never paid for it. Some of that fuel, the lawsuit alleges, ended up at stations within the Freedom Fuel Network, which now operates 29 locations.

Read the rest:

https://www.msn.com/en-us/news/othe...-uses-stolen-gas/ar-AA2b9g3e?ocid=socialshare
 
www.shippingherald.com

Frontline reports “best quarterly profit ever” - Shipping Herald

Frontline plc reported unaudited results for the six months ended June 30, 2026: Highlights Lars H. Barstad, Chief Executive Officer of Frontline Management AS, commented: “The second quarter of 2026 continued to be volatile. The entire energy complex is being challenged, creating inefficiencies...
www.shippingherald.com www.shippingherald.com
 
Just some food for thought. Take it fwiw, dyodd & make of it what you will. Always two sides to every story.

:dontknow:

US-Venezuela oil deal: Neocolonialism or Venezuela's comeback?​

Aug 29, 2026 #dwnews
Venezuela's century-long oil deal with Washington promises investment and economic recovery, but critics question whether the country's crisis-weary population will see any real benefit from handing control of its greatest resource to a foreign power.


22:34
 

Trump seeking ways to shield farmers from expansion of refinery biofuel waivers - report​

The Trump administration is discussing plans to shield the U.S. Farm Belt from an expected expansion of waivers of biofuel laws, which is under consideration as a way to ‌cut gasoline prices for motorists, Reuters reported this week.

Trump is considering a plan that would increase biofuel quotas for the 2027 calendar year by ~500M gallons to offset any damage caused by the soon-to-be-announced exemptions for smaller refineries, which are expected to roughly double from 990M renewable fuel credits to as many as 1.8B, the report said.

More:

https://www.msn.com/en-us/news/othe...l-waivers-report/ar-AA2bbGfb?ocid=socialshare
 
gcaptain.com

Oil Tankers Make Fortunes During War as Sinokor Dominates

By Alex Longley and Archie Hunter (Bloomberg) — The world’s oil supertankers are making unprecedented sums sailing from the Persian Gulf as Iran keeps attacking ships — with one South Korean...
gcaptain.com gcaptain.com

gcaptain.com

EU Forces Board Sixth Suspected Russian Shadow Fleet Tanker

European naval forces have boarded another tanker suspected of operating as part of Russia’s shadow fleet, marking the sixth such inspection carried out by European Union operations in recent months....
gcaptain.com gcaptain.com
 
:dontknow:

oilprice.com

Trump’s “Historic Deal” With Venezuela Isn’t Fooling Oil Traders | OilPrice.com

Trump's 65-billion-barrel Venezuela oil deal is drawing a muted market reaction, a Pentagon denial, and scrutiny over unpaid legacy debts and numbers that don't add up.
oilprice.com oilprice.com

oilprice.com

Why More Venezuelan Oil Won’t Solve America’s Gasoline Problem | OilPrice.com

More Venezuelan heavy crude is particularly valuable for U.S. Gulf Coast refiners, but with U.S. refineries already running near capacity, additional crude cannot immediately solve the global fuel shortage.
oilprice.com oilprice.com
 
The deal doesn't last past the mid-terms if the democrats take the house.
 

Gas prices surge ahead of Labor Day weekend, giving drivers sticker shock​

DREXEL HILL, Pa. (WPVI) -- Rising gas prices are leaving some drivers with sticker shock ahead of the Labor Day weekend, as prices at several local stations sit above the state average and significantly higher than a year ago.

At the intersection of Township Line and State roads in Drexel Hill, gas was selling for $4.39 per gallon at Wawa and Speedway, while a nearby Sunoco station was charging $4.24 per gallon.

All three prices were above Pennsylvania's statewide average and about a dollar higher than a year ago.

Workers at a Wawa in Glassboro, New Jersey, said gas prices increased 28 cents overnight.

More:

6abc.com

Gas prices surge ahead of Labor Day weekend, giving drivers sticker shock

Gas prices at several local stations sit above the state average and significantly higher than a year ago.
6abc.com 6abc.com
 
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