amoy
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Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge
The number of supertankers sailing toward China's ports surged to a nine-month high as over 80 very large crude carriers (VLCCs) - the industry's biggest ships - sail toward the Asian country's ports. At an average of 2 million barrels each, the 160 million barrels will help refill China's 727 million barrel SPR which it started in 2012.
There are 89 tankers sailing for Chinese ports, 80 of which are VLCCs - the highest since January 3rd.