Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level

Impact · against what's priced in

The surge in supertanker rates to $76 million per voyage signals a significant increase in the landed cost of crude for Asian refineries, though the direct impact on TotalEnergies is limited. The news reinforces a broader energy crunch narrative that likely supports the pricing power of integrated majors.

TTE+0.20: No priced-in read yet

Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level

What matters in this story

The world has nearly burned through its oil stockpile buffer, executives say: ‘System is already straining'

Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level

What matters in this story

The world has nearly burned through its oil stockpile buffer, executives say: ‘System is already straining'

How each ticker is affected

Track these names every morning.

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Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level

What matters in this story

Next reads from the same story arc

The world has nearly burned through its oil stockpile buffer, executives say: ‘System is already straining'

Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level

What matters in this story

Next reads from the same story arc

The world has nearly burned through its oil stockpile buffer, executives say: ‘System is already straining'

How each ticker is affected

Track these names every morning.

Dow opens 400 pts lower as oil and Treasury yields rise ahead of Fed minutes

Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Climb

Oil Prices Rise as Houthi Attacks, U.S. Gulf Storm Raise Supply Risks

Iran's Security Chief Blasts Scott Bessent as Crude Oil Prices Remain Volatile: ‘Hormuz Will Not Be Opened by Threats or Pressure'