Freight Rates for Russian Urals Oil Shipments to India Hit Records
Freight rates for Russian oil exports from western ports to India reached fresh record highs in early October, trading and shipping sources said, amid heightened Black Sea risks and a global tanker-market rally.
Trading and shipping sources said freight rates for Russian oil exports from western ports to India reached new record highs in early October. They attributed the increase to heightened risks in the Black Sea and an ongoing rally in the global tanker market. The higher freight costs are preventing Russia from fully…