TankerTrackers.com, Inc.
@TankerTrackers
Trusted by maritime insurers, oil producers & traders, finance, governments and top news orgs to track oil shipments. Vessel pronouns are she/her. We talk back.
Joined October 2016
165 Following 238.6K Followers
Well, what happened was that CENTCOM began providing protection in the SoH and then everyone got in on the oil export bonanza. As a result of that, both the price of oil and shipping went up; and may continue. Prior to that, oil had actually dropped between May and July.
Show more
@TankerTrackers Pretty sure the main reason is the cost of transporting the oil has gone up exponentially, even if difference in volume isn't substantial
