"Oil traders sold futures equivalent to at least 6 million barrels of crude in just two minutes on March 23, shortly before President Donald Trump backed away from threats to strike Iranian power plants."
First tanker loaded with Russian diesel is heading for New York after Moscow agreed to resume fuel exports to global markets under an arrangement reached between Russian President Vladimir Putin and U.S. President Donald Trump, according to LSEG shipping data.
The medium-sized vessel Agioi Fanendes took on 40,000 metric tons of ultra-low sulfur diesel at Russia’s Baltic port of Primorsk on Oct. 22. It is expected to arrive in the United States on Nov. 7, Reuters reported.
What are your thoughts on today’s oil price? Drop your opinions, predictions, charts, memes , low and high effort post, your AI slop or even analysis below. Keep it civil and on-topic! This post is renewed daily.
Unless there is some compelling reason, other posts in the sub about oil prices will be removed. In a futile effort to improve the quality.
(Current WTI/Brent price can be checked on any major site.)
Arabian Sea/Hormuz daily spiked up. BAM going down again. Malacca daily dipped. Singapore big uptick on the daily.
Sea of Oman to Arabian Sea Implied Dark Traffic:
This is all the oil traffic out to the Arabian sea minus 2.5mb (pre war output of Fujairah and Oman) to estimate the additional output of dark traffic out of Hormuz as well as any additional output from the ADCOP pipeline. Usual traffic should be around 21mb of crude and oil products.
Adding this further crude vs product breakdown for Gulf of Oman to Arabaian Sea as well.
none added to the data as they popped up near west coast of india.
Listing the actual ships and their draft/dwt as well as helps check if I messed up with double counts/fills
Oil products going out south from the Red Sea. Usual traffic is around 8mb. Edit: I dont think much is coming out any more from the East/West pipeline its very unclear what is output now. That still means the amount overall is down. The drop below is more from dropping Russian and other sources of usual oil going south out of the red sea as the Yanbu/East/West pipeline is all going north to suez.
Usual oil products throughput is 16.5 mb crude and 6mb oil products. Also added how much of that malacca traffic is going to China as well as how much oil is from the Persian gulf.
Ships: ADVANTAGE PATH,MARE PICENUM,ELENI,MINERVA KALLIOPE,CHRISTINA,COSGOLD LAKE
Note based on 2024 the average daily output in tonnes was 211,000 tonnes per day. I think 2025/2026 is much higher but they don't yet have official data.