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Home » Tag Archives: PetroChina

Tag Archives: PetroChina

U.S. Sanctions Hit Global Oil Fleet as Traders Shun Nearly 300 Tankers

October 11, 2019 by Reuters By Marianna Parraga and Roslan Khasawneh MEXICO CITY/SINGAPORE, Oct 11 (Reuters) – Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said. The move has taken roughly 3% of the global oil tanker fleet out of the market, …

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