Shipping

VLCC freight costs from the Middle East to Asia reach record levels

25 September 2026
3 sources

Crude-oil shipping costs from the Middle East to China have surged as disruptions force longer and riskier voyages. The increase is raising delivered oil costs and putting additional pressure on refiners and fuel-importing countries.

Freight costs for moving crude oil from the Middle East to China reached a record level in reporting published on September 26, 2026. The cost of transporting crude on a very large crude carrier (VLCC) was estimated at about $1.2 million per day, while shipments from the Gulf of Oman to East Asia were adding roughly $20 per barrel to the delivered price.

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