Goldman Sachs Forecasts Crude Oil Freight Costs to Surge to $20 Per Barrel

Key Facts

1Goldman Sachs projects that crude oil freight rates could surge to as high as $20 per barrel.

Goldman Sachs projects that crude oil freight rates could surge to as high as $20 per barrel. According to Investing.com, this spike is driven by shifting logistics patterns as Asian buyers move toward smaller tankers and long-term charters to mitigate rising expenses.

GS closed at $884.81 on October 20, 2026, amid concerns that high freight costs could squeeze margins for refiners and increase landed costs for consumers. In the same sector, BAC closed at $50.64 and JPM closed at $335.26 on October 20, 2026.