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FacebookTwitterEmailLinkedin A severe shortage of available supertankers is driving crude shipping costs to unprecedented levels, putting pressure on long-distance oil trades and prompting refiners to seek supplies closer to home as global fuel markets tighten. The surge in tanker rates is making some previously viable crude routes increasingly uneconomical, raising concerns that high freight costs could eventually disrupt the movement of barrels between major producing and consuming regions. RelatedNews Baltic Exchange: Maritime market highlights 14-18 September Better SIRE 2.0 results start with finding more problems first var jnews_module_21382555_0_6ab12bd544f66 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21382555","include_category":"","exclude_category":"","include_author":"","include_tag":"2882,1573,239","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ads_position":1,"ads_random":"","ads_image":"","ads_image_tablet":"","ads_image_phone":"","ads_image_link":"","ads_image_alt":"","ads_image_new_tab":"","google_pub
Tanker shortage sends crude shipping costs soaring
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