The Oil Market Is Breaking Apart: Brent-WTI Price Gap Hits $13
Brent trades $13 above WTI as record tanker rates keep U.S. crude at home. Freight to China now costs $40 a barrel, and BNO is outpacing USO. 2011 offers a guide.
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Brent trades $13 above WTI as record tanker rates keep U.S. crude at home. Freight to China now costs $40 a barrel, and BNO is outpacing USO. 2011 offers a guide.
Global supply chains are feeling the impact of the Strait of Hormuz disruption, driving up freight costs, diesel prices, trucking rates, and tanker earnings as manufacturers and shippers face mounting pressure.
Nine of 13 U.S.-listed tanker stocks have more than doubled this year. For comparison, the SPDR S&P 500 ETF Trust is up 13.5%.
CMB.Tech (NYSE:CMBT) reported second-quarter financial results on Thursday. The transcript from the company's second-quarter earnings call has been provided below. This content is powered by Benzinga APIs. For
Euronav (NYSE:CMBT) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $1.25 by 0.8 percent. This is a 3250 percent increase over losses of $(0.04) per share from the same period