Toast: if this turns out to be true, Saudi Arabia is toast.
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Tanker Costs
Updates
October 11, 2019: record rates.
Original Post
If South Korea had Amazon Prime, would they get free shipping? A week ago it was $10 million, earlier this week, $12 million; now, Philips 66 books a supertanker to ship US crude to South Korea for record $14 million. Link here. The question is, and I really don't know, who pays for the supertanker -- Phillips 66 "booked it" but do the South Koreans pay the transportation cost? One would assume. This all has to do with Trump-imposed sanctions. Trump meets with Chinese delegation tomorrow. Does this guy ever sleep? He's got a rally in Minneapolis tonight.
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