China has hit the brakes on its oil buying spree as swelling inventories and limited import quotas stifle purchases. Softening Chinese demand in the final quarter of 2020 comes as renewed lockdowns and a spike in coronavirus cases across Europe and the United States curtail oil consumption, adding more downward pressure on oil prices. The …
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Author: Capt. John
https://www.hellenicshippingnews.com/chinas-oil-buying-frenzy-slows-on-high-stocks-limited-quotas/