Oil tanker owners pay to transport crude oil amid supply cuts – Yahoo Finance
Oil tanker owners pay to transport crude oil amid supply cuts – Yahoo Finance
(Bloomberg) – Cuts in Saudi Arabia’s oil production have hit the oil tanker market so hard that owners of the larger ships are effectively subsidizing cargo deliveries on the industry’s main trade route. Supertankers delivering 2 million barrels of oil from the kingdom to China are losing $ 736 a day for the privilege, according […]
The post Oil tanker owners pay to transport crude oil amid…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.