A 7-fold shock to the oil trade in the world The American bank Goldman Sachs announced that the cost of transporting a barrel of crude oil on the world market rose from about $3 to more than $20 in one year. This increase of more than 6 times occurred under the influence of tensions in the Middle East. The increase in the cost of insurance, the leasing of oil tankers and restrictions on sea routes have increased the cost of supplying oil and can put more pressure on energy importing countries. A continuation of this trend could increase the cost of refining and distribution of petroleum products and lead to an increase in fuel prices and increased inflationary pressure. - Link.

A 7-fold shock to the oil trade in the world The American bank Goldman Sachs announced that the cost of transporting a barrel of crude oil on the world market rose from about $3 to more than $20 in one year. This increase of more than 6 times occurred under the influence of tensions in the Middle East. The increase in the cost of insurance, the leasing of oil tankers and restrictions on sea routes have increased the cost of supplying oil and can put more pressure on energy importing countries. A continuation of this trend could increase the cost of refining and distribution of petroleum products and lead to an increase in fuel prices and increased inflationary pressure. - Link.