The cost of transporting crude oil by ship has risen significantly since late September and is set to remain high in the near term, according to the Wall Street Journal. One of the main factors keeping the market strong is tight shipping capacity.
Posted by Jennifer Delay Iacullo
Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.
