Chinese Bound Crude Volume Fall Hints Faltering Demand

Tankers bound for the Asian country reduced highlighting buying weakness.
The Chinese bound crude volume plunged to its lowest level since early May.
The rise in global COVID-19 infections, and the world bracing for a second wave of the virus caused faltering demand.
The number of very large and ultra-large crude carriers bound for China is slumping.
China’s demand for oil seems to be slowing, with a slip in physical prices.

The reduced number of tankers bound for the Asian country highlights...