117 VLCC Tankers Transport Super Cheap Crude Oil for Unloading

Capt. John
  • 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/

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