Oil producers, refiners face surging global freight rates after US sanctions
12 Oct 2019
The Business Times
![Oil producers refiners face surging global freight rates after US sanctions](/thumb/phpThumb.php?src=%2Fuploads%2Fnews%2F4%2F411%2F1%2F411126-oil-producers-refiners-face-surging-global-freight-rates-after-us-sanctions.jpg&w=750&hash=6fe49e52ff13598bab9323e620a09683)
[HOUSTON] Rates to charter oil tankers from the Arab Gulf, United Kingdom and the US Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of US sanctions on units of Chinese giant COSCO.