Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean have risen to a record after a flurry of drone attacks, driving down prices for Kazakhstan’s main CPC export grade. Daily earnings for tankers on the route rose to $440,948, climbing to the highest in Baltic Exchange data compiled by Bloomberg starting in July 2008. The rate, which is based on 135,000-ton shipments from Novorossiysk on Russia’s Black Sea coast to Sicily’s Augusta, has jumped 140% since the most recent attacks began in early July. #oott bloomberg.com/news/articles/…

Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean have risen to a record after a flurry of drone attacks, driving down prices for Kazakhstan’s main CPC export grade. Daily earnings for tankers on the route rose to $440,948, climbing to the highest in Baltic Exchange data compiled by Bloomberg starting in July 2008. The rate, which is based on 135,000-ton shipments from Novorossiysk on Russia’s Black Sea coast to Sicily’s Augusta, has jumped 140% since the most recent attacks began in early July. #oott bloomberg.com/news/articles/…

Source:https://x.com/staunovo/status/2087560896318947832