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

https://mins.news/en/item/97038

- Reuters, 2026-10-12 20:25 UTC
- Economy
- Original: https://www.reuters.com/business/energy/shipping-insurance-costs-energy-flows-surge-opec-non-opec-ministers-say-2026-10-12/?link_source=ta_bluesky_link&taid=6acd422776e0550001f0c6e1

> 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.

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