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OPEC+ Reports High Shipping and Insurance Costs
OPEC+ reports indicate that the rise in shipping and insurance costs for oil tankers has exceeded one-third of the value of oil shipments, an unprecedented level that disrupts the transportation of oil and adds inflationary pressures on the global economy. This exceptional increase in costs leads to greater financial burdens on producing and importing countries, negatively impacting economic growth and market stability worldwide. The organization is monitoring developments and coordinating with governments and international organizations to improve shipping conditions and restore balance in the energy market.
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