ShippingWatch

GRM: Pain threshold for oil is USD 120

The escalating conflict in Iraq pushes the oil price up day by day, and the bunker price follows suit. But the oil cost could just be the smallest problem faced by the shipping industry.

Carriers around the world are now starting to feel the military conflict in Iraq for real as they have to pay a higher price for their fuel with each passing day.

According to Global Risk Management the conflict in Iraq, combined with the still-unresolved conflict in Ukraine, has increased the price of heavy fuel oil by five percent, or USD 30 per mt.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs