HSBC CEO says delivered oil to Sri Lanka hit $286 a barrel

businessenergy-markets 2 posts · 2 accounts

HSBC's CEO said a delivered oil cargo to Sri Lanka reached $286 a barrel including shipping and insurance, illustrating how war-driven dislocation is pushing effective crude costs far above benchmark prices.

From the sources (2 posts)

@rory_johnston

HSBC CEO “The highest I’ve seen, and I’m hoping we don’t see more of that, but the highest I’ve seen is $286 for a barrel of oil that reached Sri Lanka” That’s a delivered barrel so includes shipping, insurance, etc. But it’s still an eye

@oilheadlinenews

“The highest I’ve seen, and I’m hoping we don’t see more of that, but the highest I’ve seen is $286 for a barrel of oil that reached Sri Lanka” - HSBC CEO, FT

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