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Shipping and insurance costs for energy flows are surging

3 statements from 3 sources on Oct 12, 2026, 19:11–19:32 UTC
Part of Energy
News
Updated
OPEC
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Statements (3)

  1. Neutral

    OPEC and OPEC+ ministers discussed global surges in transport, freight, and insurance costs during a meeting in Riyadh

    tass.comHigh importance
  2. Neutral

    Shipping costs reached one third of crude oil value according to energy ministers

    investing.comHigh importance
  3. Bearish

    Shipping and insurance costs for energy flows are surging, according to OPEC and non-OPEC ministers.

    reuters.comHigh importance