China bought so much foreign oil at dirt-cheap prices this spring that a massive traffic jam of tankers has formed at sea waiting to offload crude. As of June 29, China — the world’s second-largest consumer of oil after the United States — had amassed 73 million barrels of oil on 59 different ships...
https://www.hellenicshippingnews.com/china-is-storing-an-epic-amount-of-oil-at-sea-heres-why/