13
Jan

Frontline rises as sanctions boost demand for crude carriers

Shares in Norwegian oil tanker group Frontline FRO rise 3.8% as tighter U.S. sanctions on Russian and Iranian fleets boost demand for large crude carriers. Sanctions on shadow fleets could potentially retire tankers from service and drive up demand for vessels operated by non-Russian traders such as Frontline, says Kepler Cheuvreux in a post on …