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Bloomberg

Black Sea Oil Tanker Rates Surge to Record on Drones Barrage

Wednesday, August 12, 2026


Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean reached record levels following drone attacks in the region. The elevated shipping costs reduced prices for Kazakhstan's main CPC export grade crude oil.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-12/black-sea-oil-tanker-rates-surge-to-record-on-drones-barrage

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