9 Hrs
Source:
وكالة الأنباء القطرية
OPEC Plus: Rising Shipping Costs and Insurance
OPEC+ coalition countries have warned that shipping and insurance costs for oil tankers have reached unprecedented levels, exceeding one-third of the value of shipments. They emphasized that the rise in these costs doubles the burdens on producing and consuming countries, negatively impacting global economic growth, and exacerbates inflationary pressures while disrupting the efficient transportation of crude oil and its derivatives. They also stressed the importance of protecting international maritime routes to ensure the continuity of energy flows and stated their commitment to continue monitoring the market and coordinating with international entities to achieve stability in the oil market.
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