EconomySoaring freight rates threaten Asian demand for US crude

Tanker freight rates have surged to record highs, putting US crude beyond the reach of Asian refiners and prompting them to look for alternatives in the Middle East and Latin America, traders and shipbrokers tracking the markets said.

crude oiltanker freight ratesAsian refiners

RReuters★★☆☆☆2026-10-09 10:10Original