Oil Market News, OPEC+, sanctions and price shocks

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Ship-to-Ship Oil Transfers Surge Off India’s West Coast | OilPrice.com

Ship-to-ship oil transfers have spread to India’s Gulf of Kutch as Hormuz congestion maxes out UAE and Oman hubs, Vortexa data shows.

oilprice.com

 

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Oil prices hold firm despite Persian Gulf supply growing

Oil prices are holding firm despite Persian Gulf supply increasing. We expect oil prices to trade lower into year-end

think.ing.com

 

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Oil Shipping Costs Spike, Lifting Prices from Pump to Grocery

When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The same journey would have cost $9.1 million last year, on average.

gcaptain.com

 

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French Authorities Arrest Master of Stateless Tanker off Réunion

A shadow fleet tanker seized by French forces in the Indian Ocean is now anchored in waters off Réunion, the French prefecture east of Madagascar, and...

maritime-executive.com