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

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"