Rory Johnston
@Rory_Johnston
oil market researcher | founder of | former bank economist | markets, code, barbecue | subscribe to my research:
Joined December 2009
1.5K Following 112.3K Followers
btw this translates to $22-25 PER BARREL in shipping costs, when it normally costs like $2
CHART OF THE DAY: The crisis in the oil tanker market.
The cost of hiring a supertanker from the Persian Gulf to the Far East has risen 12-fold in just a few months to a record high of >$1.1 million a day.
My @Opinion column is here:
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