As of Tuesday, the cost of renting an oversized tanker to transport 2 million barrels of US Gulf of Mexico crude oil to Asia was about US$44.8 million, a record high, according to data from the Baltic Sea Exchange.

As of Tuesday, the cost of renting an oversized tanker to transport 2 million barrels of US Gulf of Mexico crude oil to Asia was about US$44.8 million, a record high, according to data from the Baltic Sea Exchange.