According to Brian Sullivan, the real price of oil for buyers of physical barrels is $125 or more, because shipping costs have surged: a VLCC chartered from the U.S. Gulf Coast to China fetched $76 million, about 10 times its level a year ago and roughly $38 extra per barrel by his estimate. Although oil volumes through the Strait of Hormuz are near pre-war levels, freight costs remain high and show no sign of falling. The column also reports at least 14 deaths and more than 300 injuries in attacks on Riyadh's airport. On stocks, RBC says Shell (SHEL) could benefit from export margins to Europe at their widest since 2022, while Truist upgraded First Solar (FSLR) to Buy with a $270 target.
Summary written by Upside AI from the original article. Read the source for full details.
Related tickers and likely impact
PVD
▲ Likely positivePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,421 bn VND |
| P/E | 14.8 |
| P/B | 0.95 |
| Close on 10/15/2026 | 17.70 |
| Change that session | -1.67% |
PVT
▲ Likely positivePVTrans
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Industrial Goods & Services |
| Industry | Marine Transportation |
| Market cap | 12,458 bn VND |
| P/E | 8.7 |
| P/B | 1.31 |
| Close on 10/15/2026 | 23.65 |
| Change that session | -4.25% |
VJC
▼ Likely negativeVietjet Air
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Travel & Leisure |
| Industry | Airlines |
| Market cap | 98,060 bn VND |
| P/E | 45.0 |
| P/B | 3.72 |
| Close on 10/15/2026 | 127.30 |
| Change that session | -0.62% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
Indian stock markets closed sharply lower, with the Nifty 50 down 257.20 points (1.11%) at 22,888.95 and the BSE Sensex down 876.37 points (1.17%) at 73,852.90. Selling was widespread as weakness in private banks, earnings below expectations and rising crude prices weighed on sentiment, with Axis Bank falling more than 4%. The Nifty PSU Bank index was the only major sectoral index to end higher, rising 2.41%. Brent crude traded at USD 108.50 per barrel, while the rupee firmed for a seventh straight session near 94.95 per dollar even as RBI reserves fell USD 8.6 billion to USD 726 billion in the week to October 9.
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