Comment & Analysis
Why China Is Really Dictating the Oil Supply Glut by Rakesh Upadhyay for Oilprice.com
Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in the first quarter of 2016—the highest stockpiling rate since 2014. While the world was speculating about oil prices plunging to…
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