China-Bound Crude Shipments Seen Falling 2.1% This Week
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Crude-oil shipments aboard supertankers bound for China fell 2.1 percent this week, according to ship-tracking data compiled by Bloomberg.
Tankers with a total carrying capacity of 13.9 million deadweight tons are heading for the Asian nation, compared with 14.2 million last week. About 11 percent of the fleet of the largest oil tankers signaling future destinations is bound for China, the world’s biggest energy consumer. The ships would haul about 101.9 million barrels of oil, assuming a conversion factor of 7.33 barrels a ton.