Paulzk
Oct 7, 10:39 PM
$BCRX
Supertanker chartered from Gulf Coast to China for
$76 million, 10 times higher than pre-war level
The cost of the journey comes to
$38 per barrel of oil assuming the tanker holds 2 million barrels. Shipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.
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