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