Oil Market News, OPEC+, sanctions and price shocks

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Trump administration may let more Russian diesel onto market, energy secretary tells CNBC

The diesel volumes in the Trump-Putin deal won't materially lower prices because the shipments are small compared to total demand, analysts say.

www.cnbc.com

 

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Russia To Begin Year-Round Arctic Northern Sea Route Shipping in Early 2027

Russia expects to begin regular year-round eastbound shipping along the Northern Sea Route in early 2027, as additional nuclear icebreaker capacity, newer ice-class LNG carriers and pressure to redirect energy exports toward Asia bring the long-delayed ambition closer to reality.

gcaptain.com

Saudi Tanker Giant Posts 10-Fold Profit Jump as Ship Rates Surge

Saudi Arabia’s main shipping firm Bahri reported a 10-fold jump in third-quarter profit as its oil tanker business benefited from surging freight rates amid the Iran war.

gcaptain.com