News
Oil Delivery Costs Surge, Raising Real Barrel Price Above Futures
Energy journalist Brian Sullivan explains that physical oil costs about $38 per barrel more due to soaring tanker charter rates, with VLCC trips now $76‑77 million, ten times last year. He notes futures differ from actual costs, cites tight fuel supplies, Iran tensions, low European gas storage, and higher shipowner stocks. The report also mentions condolences for Riyadh airport attacks, a World Petroleum Council panel, and highlights bullish analyst calls on Shell, ConocoPhillips, First Solar, and TeraWulf.