Goldman Sachs Warns of New Oil Price Shock as Tanker Rates Soar
Goldman Sachs reports the average global freight rate to transport oil has surged to $20 per barrel from $3 per barrel last year due to the Iran war and Hormuz crisis creating a shipping crisis unlikely to end soon. Oil shipping rates are set to remain elevated in the near term.
Original · OilPrice.com AI summary of public reporting
Why: Shipping rates surge to $20/bbl from $3 → oil supply shock risk
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