Record shipping costs reportedly pushing oil producers to cut prices

Headlines from OilPrice.com and Reuters tie record shipping costs to lower oil prices, though Reuters reports supertanker rates are falling from record highs. A Forbes piece cites a $40-a-barrel shipping cost that consumers rarely see.

Timeline

1. 19 Oct, 07:30 UTCFirst appeared on Google Trends
2. 19 Oct, 07:30 UTCOilPrice.com reports shipping costs cutting oil prices
3. 19 Oct, 07:30 UTCReuters reports supertanker rates falling from highs

Top sources

• shipping rates impact on oil tradeGoogle Trends
• The $40-A-Barrel Cost Most Oil Consumers Never SeeForbes
• Supertanker rates fall from record highsReuters