Shippers of crude pay dearly

HoustonChronicle:

With global oil demand surging and prices hitting record levels, the world’s 1,500 oil tankers are all booked up, and their owners are charging hefty premiums. The shortage of tankers is one sign of how strong demand and a lack of investment have left the oil industry’s infrastructure stretched thin — meaning that any hint of disruption in the system can help make prices spike.
HoustonChronicle