Energy Transport Costs Exceeded One Third of the Value of the Product
5 Articles
5 Articles
The Organization of Petroleum Exporting Countries reported that the cost of transportation and energy insurance had reached unprecedented levels and now exceeded one third of the value of the goods themselves. The cost of transportation and energy insurance exceeded one third of the value of the product due to supply interruptions, and it transmitted to RIA News with reference to the OPEC statement. On Monday, a meeting of OPEC and OPEC+ ministe…
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Ministers at the World Petroleum Congress (WPC Energy) field meeting and the International Energy Forum (IEF) meeting reaffirmed the critical importance of ensuring the safety of international maritime routes in order to guarantee the uninterrupted supply of energy.
The situation in the global oil market and the effects of rising transportation and insurance costs were discussed at an online meeting of ministers from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries.
Transport and energy insurance costs reached unprecedented levels, exceeding one third of the value of the product, reported OPEC.
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