🚨Warning: The world is running out of supertankers, and this is increasing crude oil shipping costs.
Crude oil shipments from Houston to Asia now add about $26 per barrel, which is nearly a quarter of the #WTI price.
In June, Europe imported 577,000 barrels per day of Saudi crude oil, and next month it will receive a ZERO allocation according to Bloomberg.
Crude oil shipments from Houston to Asia now add about $26 per barrel, which is nearly a quarter of the #WTI price.
In June, Europe imported 577,000 barrels per day of Saudi crude oil, and next month it will receive a ZERO allocation according to Bloomberg.