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The Law Offices of Howard G. Smith Outlines Securities Fraud Class Action Lead Plaintiff Deadline LocalU.S. to Tap Heating Oil Reserves Ahead of Midterm ElectionsTRENDING TICKERS: $III $NTCT $NET $CALX $VG $LSCC $GIL $FORR $RMNI $RTX $ASTS $YSS $CRWV $JKS $DOCS $LINC $BBNX $INV $LUMN $MRP $TBLA $QBTS $IQV $VEEV $LDOS $HPE $CDW $FROG $DKS $PZZA

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Wednesday, October 21, 2026Updated 19:26 UTC

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IEA: Gulf Oil Shipping Costs Top $37 Per Barrel, Five Times Pre-War Levels

Source: gCaptain (shipping) · Oct 21, 2026 16:29 UTC

An oil tanker ship in the Houston Ship Channel — File photo roger4336 / Flickr · CC BY-SA 2.0 · Source

The Quick Take

The cost of shipping crude oil from the Middle East Gulf to Asia has surged to more than $37 per barrel, over five times prewar levels, as an increasingly complex...

Read the full story at gCaptain (shipping)

Ground Level News gathers headlines from public news feeds. This page shows a short summary only; the full article and all rights belong to gCaptain (shipping).