Higher transportation expenses inflate delivered oil prices and push up global energy and inflation expectations. The move is one of the largest global energy shocks ever recorded, characterized by a near unprecedented rate of increase for tanker rates.
Tuesday, October 20, 2026
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Crude Shipping Costs From West Africa to China Jump 258% to $23.59 Per Barrel
Commodities31 days ago
The fee for 2 million barrels of oil on the route to East Asia was approximately $6.50 per barrel in July. That rate has since surged to $23.59 per barrel, a 258% increase for shipping from West Africa to China over two months. This spike in the physical crude market arrives as traders continue to track crude oil futures.
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