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
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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