UPDATE 1-Oil producers, refiners grapple with surging global freight rates after U.S. sanctions
October 11, 2019 at 17:48 PM EDT
Rates to charter oil tankers from the Arab Gulf, United Kingdom and the U.S. Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of U.S. sanctions on units of Chinese giant COSCO.
