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Russell: China overtakes OPEC+ to become the primary oil price maker

Posted to Maritime Reporter on December 23, 2025

The conventional wisdom on the crude oil markets is that producers like OPEC+ largely control the price of crude oil by changing output levels in order to achieve a desired result. This shibboleth has been challenged by China in 2025, who used…

Russia blames the low grain prices in the world for its stalled exports

Posted to Maritime Reporter on December 23, 2025

In a newspaper interview published on Tuesday, Dmitry Patrushev, the Deputy Prime Minister, said that low global prices have slowed down Russian grain exports during this marketing season. He also stressed that Russian grain remains in high demand.

Russell: China overtakes OPEC+ to become the primary oil price maker

Posted to Maritime Reporter on December 22, 2025

The conventional wisdom on the crude oil markets is that producers like OPEC+ largely control the price of crude oil by adjusting output levels in order to achieve a desired result. This shibboleth has been challenged by China in 2025, who used…

Officials say that a drone attack by Ukraine has damaged two vessels in Russia’s Krasnodar.

Posted to Maritime Reporter on December 21, 2025

Regional authorities in Russia's Krasnodar Region said that a Ukrainian drone attack damaged two vessels and two piers, as well as causing a fire, on the Black Sea Coast. The Krasnodar operational headquarters announced on the Telegram app that…

Ship data shows that a Russian naphtha-tanker on blacklist enters Venezuelan water while another diverts.

Posted to Maritime Reporter on December 19, 2025

Ship tracking data revealed that a tanker under U.S. sanctions, carrying 300,000 barrels naphtha from Russia, entered Venezuelan waters on Thursday night, while another started re-routing course?into the Atlantic Ocean. This was a result of differing last-minute decisions made by ship owners…

Authorities say that three people were killed by Ukrainian drones in the Rostov region of Russia.

Posted to Maritime Reporter on December 18, 2025

The local governor confirmed that three people were killed, including two crew of a cargo ship, in overnight Ukrainian drone attacks against the Russian port Rostov on Don and the town of Bataysk, in the southern region of Rostov. On his Telegram?messaging application channel…

US readies new Russia sanctions if Putin rejects peace deal, Bloomberg News reports

Posted to Maritime Reporter on December 17, 2025

Bloomberg News reported Wednesday that the United States is preparing to impose more sanctions on Russia's energy sector in the event President Vladimir Putin rejects a peace agreement with Ukraine. The report stated that the U.S. was 'considering' options…

EU sanctions companies and individuals who move Russian oil

Posted to Maritime Reporter on December 15, 2025

According to a EU official and its Official Journal, the 'European Union' has adopted sanctions against companies and individuals accused of operating Russia's shadow fleet of oil tankers in order to circumvent Western sanctions. The sanctions are aimed at nine "enablers" of the shadow fleet.

Data shows that Russia's fuel exports by sea fell slightly in November.

Posted to Maritime Reporter on December 12, 2025

Data from industry sources showed that Russia's seaborne exports of oil products in November fell by 0.8% compared to October, at 7,494 million metric tons. The impact of drone strikes?on the energy infrastructure has been offset by a certain…

Bousso: Trump won't make Venezuela's OPEC member a battlefield.

Posted to Maritime Reporter on December 10, 2025

Venezuela will likely retain its seat within OPEC, even if U.S. president Donald Trump succeeds in forcing a government change in the oil-rich nation. The U.S. wants to bolster their alliance with the cartel while they?expand their own sphere of influences. The U.S.

Bousso: Trump won't make Venezuela's OPEC member a battlefield.

Posted to Maritime Reporter on December 10, 2025

Venezuela will likely retain its seat in OPEC, even if U.S. president Donald Trump succeeds in forcing a change in government in the oil rich country. The U.S. wants to strengthen its alliance with the cartel while expanding its own sphere?of?influence. The U.S.

The ban on Russian oil tankers by the G7 shows teeth but its bite is not certain: Bousso

Posted to Maritime Reporter on December 7, 2025

The G7 plan to ban tankers from transporting Russian oil raises the stakes in the West-Moscow economic standoff, but whether governments ratchet sanctions up on those who skirt the sanctions will determine the final outcome. The West will need to move quickly…

Bulgaria rescues a sanctioned tanker which was struck by a Ukrainian drone

Posted to Maritime Reporter on December 5, 2025

The transport ministry announced that the rescue operation was put on hold because of bad weather. The vessel has been identified as the sanctioned tanker Kairos. It was struck in the Black Sea by a Ukrainian drone last week in Turkey's Exclusive Economic Zone…

The ban on Russian oil tankers by the G7 shows teeth but its bite is not certain: Bousso

Posted to Maritime Reporter on December 5, 2025

The G7 plan to ban tankers from transporting Russian oil raises the stakes in the West-Moscow economic standoff, but whether governments will increase punishments for those who skirt sanctions is the real question. The West will need to move quickly…

Hapag-Lloyd CEO: The return of the shipping industry to Suez is gradual

Posted to Maritime Reporter on December 4, 2025

Hapag-Lloyd's chief executive, who is the fifth-largest container company in the world, said that there was no set date for the return of shipping through the Suez Canal. In an online chat with customers, CEO Rolf Habben Jansen said that no date has been set for a return to normal operations.

In its turnaround plan, Eramet is focusing on manganese and lithium growth

Posted to Maritime Reporter on December 4, 2025

Eramet, the French mining company, said that it aims to increase its manganese and lithium deliveries from Gabon, as well as from Argentina, in order to improve its finances which has been affected by declining profits and increasing debt. Early December…

Data shows that despite US pressure Venezuelan oil exports exceed 900,000 barrels per day

Posted to Maritime Reporter on December 3, 2025

According to shipping documents and data, Venezuelan oil exports increased slightly in November to 921,000 barrels a day (bpd), the third highest monthly average this year. The country used more diluting agents to produce exportable grades.

After attacks on oil tankers, Putin threatens to "cut Ukraine off from sea"

Posted to Maritime Reporter on December 2, 2025

In response to drone strikes on Russian "shadow fleets" of tankers in the Black Sea, Russian President Vladimir Putin on Tuesday threatened to cut off Ukraine's sea access. In a televised statement, Putin stated that the most radical solution would be to cut Ukraine from the sea.

Unmanned vessel attacked Russian Shadow-Fleet Tanker in Black Sea by Turkey, says

Posted to Maritime Reporter on November 29, 2025

Turkey reported on Saturday that a Russian shadow fleet tanker was reportedly attacked by an unmanned vessel off the Black Sea coast of Turkey after it had been struck on Friday. In a press release, the Turkish Transport Ministry said that Virat sustained minor damage but was in stable condition.

Union: Russian rail attacks and wet grain have a negative impact on Ukrainian corn exports

Posted to Maritime Reporter on November 25, 2025

The UAC, a farmers' union, said that the high grain moisture content combined with logistical problems caused by Russian attacks in Black Sea ports has led to a reduction in Ukraine's corn imports in Black Sea ports. This may happen again in December.

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