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News 2026-10-16 14:17 UTC

GRAPHIC — Supertanker rates fall from record highs

Gulf of Oman to China rate slips from record, Baltic Exchange data shows Lower demand for tankers on Oman route helps lower rates, Kpler analyst says US considers removing sanctions on some shadow fleet vessels to cut freight rates, official says By Enes Tunagur LONDON, Oct 16 (Reuters) — The cost ‌of shipping oil on t