US Crude Shipping Costs to China Surge to Record High Amid Middle East War Disruptions
US, Sep 16 : The cost of transporting US crude oil to Asia has climbed to a record high as buyers seek alternative supplies amid disruptions to traditional Middle Eastern energy routes, Bloomberg News reported.
Hiring a very large crude carrier (VLCC) capable of carrying about 2 million barrels from the US Gulf Coast to China cost approximately…
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