Daily Market Updates: Oil Tankers Sailing the US-China Route Are Commanding $60 Million and It’s Crushing Demand

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Oil Tankers Sailing the US-China Route Are Commanding $60 Million and It’s Crushing Demand

Reported · Written up by our desk · North America

US crude oil exports to Asia are set to hit multi-year lows after the Iran war disrupted global shipping and pushed the cost to lease a tanker for the Pacific journey to a record of almost $80 million.

Latest closeWTI crude $103.44 ▲4.0%

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LiveMint MarketsOil Tankers Sailing the US-China Route Are Commanding $60 Million and It’s Crushing Demand

Global Markets

Oil Tankers Sailing the US-China Route Are Commanding $60 Million and It’s Crushing Demand

More like this

Sources

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