Huge Volumes Of Crude Oil Are Headed To China

Huge Volumes Of Crude Oil Are Headed To China

4 May 2023

Oilprice.com

• There were as many as 125 supertankers heading to China at the end of April, the largest volume of oil China has imported in more than two years.
• The supertankers have the capacity to ship 250 million barrels of oil, suggesting China’s imports are climbing after a decline in April.
• Weaker-than-expected economic data from China has weighed on oil prices this weak, but the country’s oil demand appears to be healthy.
  

As many as 125 supertankers were traveling to China at the end of April, carrying the biggest volumes of oil to the world’s top crude buyer...

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