Asian Refiners Ditch U.S. Oil as Supertanker Rates Hit $82 Million | EN590 Commodities
EN590 Commodities GroupCrude Oil October 09, 2026
Asian Refiners Ditch U.S. Oil as Supertanker Rates Hit $82 Million What I Cover
Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… The record-high freight costs refiners have to pay to receive a cargo of crude oil from the U.S. Gulf Coast have effectively shut the arbitrage to Asia, with refiners in the top crude oil-importing region turning to more barrels from the Middle East and South America, shipbrokers and traders have toldReuters. U.S. crude, which had come to the rescue of the Asian refiners during most of the Iran war, is now out of reach in Asia because the economics of paying $80 million to have a cargo of crude oil shipped from the U.S. Gulf Coast simply don’t work. T
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.