Reuters
07 Aug 2026, 11:07 UTC · 2h ago
India's Reliance books supertanker at record freight price to lift Iraqi crude
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Reuters
07 Aug 2026, 11:07 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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2 claims · each scored for market impact
Reliance Industries paid a record $23 million to $25 million to charter a single supertanker for Iraqi crude. — Record-high charter rates increase input costs for refiners and signal significant inflationary pressure in energy logistics.
-0.60There is currently a limited pool of available ships in the Gulf region. — Tight supply of tankers increases the risk of shipping bottlenecks and sustains higher freight rates.
-0.40Which stocks this story touches
The company is facing soaring costs and limited shipping availability for its crude imports.
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