VOL. XXXIII

NO. 6

13-NOVEMBER-1989

Higher Freight Rates Pose Problems For Gulf Crude marketing

The recent sharp rise in tanker freight rates is causing a number of problemsfor the marketing of Gulf crude exports, with headaches for buyers and sellersalike.

For the past three months shipments of Gulf crudes to westward destinationshave been rising steadily - chasing better prices and profits in western ascompared with eastern markets. And, as a result, over the past month VLCCtanker rates on...