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Shipping Oil Through Hormuz Costs $20 Million, Total CEO Says

1 source ·1 article ·2h ago Sea

The cost of shipping oil cargoes on a supertanker through the Strait of Hormuz is about $20 million, the boss of TotalEnergies SE said, underscoring the wide margins to be made by traders and shipowners.

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Bloomberg 1

All coverage · 1 article

Bloomberg Markets ·2h ago

Shipping Oil Through Hormuz Costs $20 Million, Total CEO Says

The cost of shipping oil cargoes on a supertanker through the Strait of Hormuz is about $20 million, the boss of TotalEnergies SE said, underscoring the wide margins to be made by traders and shipowners.