The risk premium for crude carriers adds $33 to the cost of each barrel of oil.
Posted by The MeidasTouch Podcast, Checked
- Sources
- 2 contradict2 support
- Said
- 1 time·
- Confidence
- 55%
The MeidasTouch PodcastOct 27, 2026
Sources support a figure of about $33 per barrel for freight costs on very large crude carrier routes out of the Gulf, based on Poten data, as of early October and again near $35 in late October.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… We're getting more oil out than ever before." No, you're not. You're not, and it costs $1.5 million a day right now, because the risk premium is so high for these crude carriers, that it costs them $1.5 million a day to take out the oil. That in and of itself adds $33 to each barrel of oil. That's not a good thing right now. What are you boasting about, you freaking lunatics? And so it's just the the craziness of these lies are so outrageous. They're They're hiding in the sewers. They're not. …
The MeidasTouch Podcast · · from the transcriptPost →What we found
Contradicts. Goldman Sachs says average freight has risen to about $20 a barrel, and that the Hormuz war-risk premium is only about $7 of that, with fuel and transfer costs making up the rest. The $33 is therefore total route freight, not the risk premium alone.[1][2]
Supports. Gulf News, citing Poten data, reports VLCC rates of $1.3 million per day and states that freight adds almost $33 to the cost of each barrel of crude.[4]
Supports. Vantage Markets, citing Poten data, says the very large crude carrier rate adds about $33 to each barrel shipped out of the Gulf.[3]
Supports. A late-October analysis puts Gulf-China VLCC rates near $35 a barrel, consistent with the roughly $33 figure as of the claim date.[2]
Context. Gulf News attributes the rate surge to several causes, including longer routings, ship-to-ship transfers, security restrictions and war-risk premiums, so the risk premium is only one driver.[4]
Sources
4 sources: 3 not rated, 1 rated low
- 1Goldman Sachs Warns of New Oil Price Shock as Tanker Rates Soarfinance.yahoo.com · not rated · cited for: contradicts
- 2Oil Price Risk Stays Upward as Gulf Exports Rebounddiscoveryalert.com · not rated · cited for: contradicts, supports
- 3Brent Crude Lifts Off Two-Week Low, Outpacing WTI on Houthi Riskvantagemarkets.co.uk · not rated · cited for: supports
- 4Tanker costs soar 43-fold as Hormuz tensions reshape ...gulfnews.com · rated low for factual reporting by Iffy.news · cited for: supports, context
Where this claim was made
Said in 1 published post