China’s Splurge on Dirt-Cheap Crude Revealed in Tanker Movements
- Demand in the Asian country recovering steadily from Covid-19
- Supertankers able to haul 230 million barrels en route
Photographer: Ali Mohammadi/Bloomberg
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Chinese oil traders know bargain crude prices when they see them.
That, at least, is one conclusion from the movements of the world’s supertankers.