OilPrice.com on MSN

Supertanker Market Heats Up With War Premium Back in Play

VLCC rates hit six-year highs, with MEG–China earnings topping $200,000/day amid rising U.S.–Iran tensions, war risk premiums ...

Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on ...
AOL

Sinopec diverts supertanker from US-sanctioned port, ship tracking data shows

A man stands next to a logo of Sinopec, or China Petroleum and Chemical Corporation, at an expo on rubber technology in Shanghai, China September 19, 2018. Picture taken September 19, 2018.

Global oil and gas shipping costs surge as Iran vows to close Strait of Hormuz

By Florence Tan and Emily Chow SINGAPORE, March 3 (Reuters) - Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran ...