The Iran War Has Turned VLCCs Into $650,000-a-Day Assets ...Middle East

OILPRICE - Economy
The Iran War Has Turned VLCCs Into $650,000-a-Day Assets
More Gulf oil is moving again. Getting it out now costs a fortune. Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record $647,000 per day on Thursday, according to Baltic Exchange data cited by Bloomberg. That is more than ten times the rate a year ago—and nearly 27% above the $510,000 reached just ten days earlier. The spike comes as Persian Gulf producers increase crude shipments through the Strait of Hormuz despite the continuing Iran war. That should, in theory, ease the oil supply crunch. Instead, it has…

Hence then, the article about the iran war has turned vlccs into 650 000 a day assets was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( The Iran War Has Turned VLCCs Into $650,000-a-Day Assets )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy