Oil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs Soar
Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol, Mercuria…
Oil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs Soar
Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her…
Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels.
Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to purchase or lease blacklisted oil tankers, Bloomberg reported Friday, citing people familiar with the discussions.
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