【TMGM Financial Recap】How Are Shipping Costs Shaping Oil Prices? Goldman Sachs: Global Crude Shipping Costs Top $20 per Barrel, Compared with $3 a Year Ago
Crude shipping costs have climbed sharply worldwide, according to Goldman Sachs, with average seaborne rates rising to more than $20 per barrel from $3 a year ago and reaching $35 on Middle Eastern routes. Over the same week, VLCCs on the Middle East Gulf–China route recorded a time charter equivalent rate of $1.4126 million per day, up from $210,000 before the conflict.Read more
22 Oct 2026