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2. Worldscale - Wikipedia

   en.wikipedia.org/wiki/Worldscale

   Worldscale. Worldscale is a unified system of establishing payment of freight rate for a given oil tanker 's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result.

3. Tankers defer retrofits to cash in on record freight rates - AOL

   www.aol.com/news/tankers-defer-retrofits-cash...

   U.S. sanctions on subsidiaries of vast Chinese shipping fleet Cosco in September sparked a surge in global oil shipping rates as traders scrambled to find non-blacklisted vessels to get their oil ...

4. Oil tanker - Wikipedia

   en.wikipedia.org/wiki/Oil_tanker

   Rear house, full hull, midships pipeline. An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. [1] Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. [1]

5. Crude-Tanker Stocks Plunge As Rates Hit Record Highs - AOL

   www.aol.com/news/crude-tanker-stocks-plunge...

   It is the best of times; it is the worst of times. Just as spot freight rates for supertankers have reached epic new heights, crude-tanker stocks are plummeting.Rates for very large crude carriers ...

6. Why oil prices have cratered to their lowest level in nearly ...

   www.aol.com/why-oil-prices-cratered-lowest...

   Anton Petrus/Getty Images. Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's ...

7. West Texas Intermediate - Wikipedia

   en.wikipedia.org/wiki/West_Texas_Intermediate

   The NYMEX Crude Oil contract trades under the symbol CL on the New York Mercantile Exchange, now part of Chicago Mercantile Exchange. [2] The contract is for 1,000 US barrels, or 42,000 US gallons, of WTI crude oil, the minimum tick size of the contract is $0.01 per barrel ($10 for contract), and the contract price is quoted in US dollars. [6]