Analysis-Oil shipping costs spike, lifting prices from pump to grocery

Brian Sullivan: Why the 'real' price of oil is likely $30-$40 higher than where it is now

Physical oil can cost about $38 a barrel more to deliver, as tanker rates surge.

Oil shipping costs spike 9 times to $40.50 a barrel as US-Japan tanker trip hits $81 million

Oil shipping costs have surged nine times to $40.50 a barrel, with a US-to-Japan tanker trip costing $81 million as freight rates push up fuel costs.

Analysis-Oil shipping costs spike, lifting prices from pump to grocery

By Arathy Somasekhar and Lisa Baertlein HOUSTON/LOS ANGELES, Oct 15 (Reuters) - When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 mil...

Why are soaring oil shipping costs pushing up prices?

Soaring oil shipping costs are raising fuel prices and adding inflationary pressure to groceries and retail goods around the world.

Oil shipping costs spike 9 times to $40.50 a barrel as US-Japan tanker trip hits $81 million - THE LOCAL REPORT ARTICLES

Oil shipping costs have jumped sharply, making it more expensive to transport crude oil from the United States to Japan. The oil supertanker Esteem Explorer is scheduled to sail from the US to Japan in late November, carrying around 2 million barrels of crude oil. The journey is expected to cost $81 million, compared with ...

Oil Shipping Costs Hit Record, Lifting Global Prices

Shipping a barrel of US crude to Japan now costs about $40.50, nearly nine times last year, adding to fuel and goods prices.