Goldman Sachs: Global crude freight rate surged above $20/bbl last week, up from $3/bbl a year ago

Goldman Sachs says the global average crude freight rate surged above $20/bbl last week, up from $3/bbl a year ago, with Middle East routes above $35/bbl. The bank estimates the Hormuz Crossing War Premium and ship-to-ship transfers account for over half of the $20 year-over-year increase.

Detected & updated continuously · Source: Nebula