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China Tankers and Gas VLCC

China’s use of strategic oil reserves may add to tanker woes

China’s plan to draw crude oil from its strategic petroleum reserve bodes ill for the tanker market. But it is evidence of a fast-tightening oil market, which might boost imports in the long run

  • Analysis

The phased release by China of crude from its strategic stocks appears to be bearish for broader tanker markets, says Braemar ACM. But it also highlights recovering crude demand, which should encourage shipowners

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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