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EconomyOPEC, non-OPEC ministers say energy shipping and insurance costs surge

Ministers from OPEC and non-OPEC countries participating in the Declaration of Cooperation said shipping and insurance costs have climbed to unprecedented levels, exceeding one third of commodity value and hindering the efficient movement of crude oil and products.

OPECenergy shippinginsurance costs

RReuters★★★☆☆2026-10-12 20:25Original

OPEC, non-OPEC ministers say energy shipping and insurance costs surge
OPEC, non-OPEC ministers say energy shipping and insurance costs surgeEconomy