Oil’s Recovery Under Threat as Tankers Run in Circles Off China

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  • Slowdown in teapot plant demand may weaken China crude imports
  • Port traffic, falling margins, higher fuel standards are risks

Oil Tankers Sail in Circles Off China

In late February, the tanker Jag Lok loaded oil from Equatorial Guinea in western Africa and set sail for the Chinese port of Qingdao, the gateway to the world’s newest buyers of crude, a journey of more than 12,000 nautical miles.

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