Spring oil flood causes summer queues in Chinese ports | Hellenic Shipping News Worldwide

Chinese ports are struggling to unload record volumes of crude with storage tanks full after the country rushed to buy extra barrels during April’s oil price crash, according to traders and shipping data seen by Reuters. More than 80 million barrels of crude oil are currently waiting to be discharged from tankers in Chinese ports, Refinitiv Eikon data showed.

Spring oil flood causes summer queues in Chinese ports | Hellenic Shipping News Worldwide