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Commodities

Middle East Oil Crisis Sends Supertanker Prices to Record Highs

Oilprice.com · 1h ago

Middle East Oil Crisis Sends Supertanker Prices to Record Highs

Demand for tankers from Middle Eastern oil producers has pushed prices to an all-time high, the Financial Times reported today, saying both new and second-hand very large crude carriers reached prices of over $130 million in the second quarter of the year. Citing data from shipbroking company Braemar, the FT also said the prices for chartering a supertanker for a year have also hit the highest on record. “Physical control of assets is also important for some exporters in the Middle East,” Braemar’s head of sale and purchase, David…

Read the full story at Oilprice.com →

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