Written by: Basant El-Farmawy
Oil markets are facing new pressures as a result of the noticeable rise in shipping costs, forcing oil producers to take measures to cut prices in an attempt to adapt to these increasing costs.
The impact of logistics costs on the markets
The continuous increases in transportation and shipping costs have led to changes in the pricing strategies of major producers, as they seek to balance rising operating costs while maintaining competitiveness in global markets.
