OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring down prices.
https://gcaptain.com/tankers-opec-to-proceed-with-planned-april-oil-output-hike/
President Donald Trump’s maiden sanctions package targeting a handful of vessels carrying Iranian oil stopped short of the “maximum pressure” campaign his administration had pledged, according to shippers and analysts.
https://gcaptain.com/trumps-first-iran-sanctions-hit-three-ships-in-china-trade/
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data.
https://gcaptain.com/russia-oil-trade-to-china-india-stalls-as-sanctions-drive-up-shipping-costs/
By Grant Smith and Salma El Wardany Jan 24, 2025 (Bloomberg) –US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his…
https://gcaptain.com/trumps-return-to-opec-politics-muddies-oil-talks-next-month/
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.
https://gcaptain.com/russian-oil-freight-rates-soar-on-sanctions-driven-tanker-shortage/
Tankers that used to haul oil from Russia’s western ports are being redeployed to the nation’s east to service a key crude route to China that’s been crippled by sweeping US sanctions.
https://gcaptain.com/oil-tankers-reroute-to-russian-pacific-port-hobbled-by-sanctions/
The cost to hire an oil supertanker on key routes to China has doubled since the US imposed sanctions on Russia, showing the extent to which the move has upended the global shipping market.
https://gcaptain.com/oil-supertanker-rates-on-china-routes-double-since-sanctions/
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday.
https://gcaptain.com/tanker-under-us-sanctions-discharges-oil-at-chinese-port-lseg-data-shows/
The amount of oil stranded off the Chinese coast is growing as traders, refiners and shipping companies try to avoid being caught up in the US’s strictest-ever sanctions on Russian energy flows.
https://gcaptain.com/russian-crude-oil-piles-up-near-chinese-coast-after-us-sanctions/
The Kremlin said on Monday that the latest round of U.S. sanctions on the Russian energy sector risked destabilizing global markets, and Moscow would do everything possible to minimize their impact.
https://gcaptain.com/russia-says-new-us-energy-sanctions-will-destabilize-global-markets/