Average global oil shipping costs climbed from about $3 a barrel a year earlier to more than $20, according to a Goldman Sachs report summarized by BlockBeats on Oct. 22.
Middle East routes face higher costs
The bank put costs on major Middle East routes above $35 a barrel, citing war-risk and transport pressures. It also described a roughly $14 Brent-WTI spread. These are the report’s estimates.
Source: BlockBeats, 2026-10-22 06:34:44 UTC.