# Oil shipping and insurance costs exceed one-third of commodity value, OPEC says

https://mins.news/en/item/96894

- TASS, 2026-10-12 18:04 UTC
- Economy
- Original: https://tass.com/economy/2201093

> OPEC said disruptions to oil supplies have pushed transportation and insurance costs above one-third of the oil price. Ministers from OPEC and OPEC+ meeting in Riyadh stressed the need to protect international maritime routes, saying high costs burden producing and consuming nations and add inflationary pressure to the global economy.

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- [OPEC, non-OPEC ministers say energy shipping and insurance costs surge](https://mins.news/en/item/97038) — Reuters, 2026-10-12