Sunday , November 24 2024
Home / Mike Norman Economics / Oil Tanker Rates Soar To Astronomical Levels — Tsvetana Paraskova

Oil Tanker Rates Soar To Astronomical Levels — Tsvetana Paraskova

Summary:
Sky-high oil tanker rates are weighing on physical crude trade. On Monday, the earnings on the benchmark key crude oil trading route hit 0,000 per day.Falling premiums on spot prices for various crudes, however, could offset some of the high shipping costs, traders told Bloomberg.OilpriceOil Tanker Rates Soar To Astronomical LevelsTsvetana Paraskova

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.

  • Sky-high oil tanker rates are weighing on physical crude trade.
  • On Monday, the earnings on the benchmark key crude oil trading route hit $100,000 per day.
  • Falling premiums on spot prices for various crudes, however, could offset some of the high shipping costs, traders told Bloomberg.
Oilprice
Tsvetana Paraskova
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *