PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High shipping rates and transit concerns persist. This follows an interim deal between the United States and Iran. Indian Oil Corp declared force majeure on a cargo.

PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High…

PetroChina and Indian Oil struggle to secure tankers for Iraqi crude amid rising shipping costs and geopolitical tensions.

Asian state-owned oil refiners are struggling to secure supertankers for Persian Gulf crude deliveries due to tripled freight rates and a lack of safety guarantees for transiting…

"There are tankers available, but the problem is it's too expensive and there is no guarantee you can exit the strait"