- China is taking advantage of the cheapest crude oil in years.
- It is stocking up as demand is starting to return to the world’s largest oil importer.
- 117 VLCCs with a capacity of 2 million barrels of oil – are traveling to China for unloading.
- China expects at least 230 million barrels of oil over the next three months.
- China’s oil refiners were already buying ultra-cheap spot cargoes.
- China’s crude oil imports jumped in April to about 9.84 million bpd.
According to an article published in Oil...
https://mfame.guru/117-vlcc-tankers-transport-super-cheap-crude-oil-for-unloading/