Oil Tanker Rates Hit Record as Buyers Seek Russia Alternatives
The cost of hiring an oil supertanker on a benchmark route spiked to the highest in more than five years, as buyers seek alternatives to sanctioned Russian crude amid increased...
By Weilun Soon · Bloomberg Markets
The cost of hiring an oil supertanker on a benchmark route spiked to the highest in more than five years, as buyers seek alternatives to sanctioned Russian crude amid increased supply from Middle East and US producers.