Organization of Petroleum Exporting Countries Secretary General Haytham Gaisce said on November 4 that since 2026, international energy transportation and insurance costs have risen sharply, and have now exceeded one-third of the value of crude oil itself. Higher transportation and risk costs are being transmitted along the oil and energy industry chain, increasing the economic burden on oil producers and consumers, and further increasing global inflationary pressure. The latest report released by OPEC on the 4th shows that since 2026, crude oil shipping and insurance costs have risen sharply, and transportation costs on some routes have increased about 12 times compared to the beginning of the year, driving up global commodity prices and inflationary pressure.

Organization of Petroleum Exporting Countries Secretary General Haytham Gaisce said on November 4 that since 2026, international energy transportation and insurance costs have risen sharply, and have now exceeded one-third of the value of crude oil itself. Higher transportation and risk costs are being transmitted along the oil and energy industry chain, increasing the economic burden on oil producers and consumers, and further increasing global inflationary pressure. The latest report released by OPEC on the 4th shows that since 2026, crude oil shipping and insurance costs have risen sharply, and transportation costs on some routes have increased about 12 times compared to the beginning of the year, driving up global commodity prices and inflationary pressure.