China’s biggest oil refiner to reduce operations after freight rates soar
  • The cost of chartering a supertanker from the Persian Gulf to China surged fivefold since late-September, according to Baltic Exchange data
  • Booking a tanker for the West Africa to China route rose to US$10 a barrel – which adds almost 20 per cent to the price of oil
16 Oct 2019 - 12:07AM