Valero executive says Gulf Coast-to-Asia crude freight costs surged to $30-$35/bbl

Valero Energy's Randy Hawkins said on an analyst call that freight costs for shipping crude from the U.S. Gulf Coast to Asia have surged to $30-$35 per barrel, versus a 2025 average of about $5 per barrel, and discussed the impact on supply strategy.

Detected & updated continuously · Source: Nebula