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China’s Splurge on Dirt-Cheap Crude Revealed in Tanker Movements

  • Demand in the Asian country recovering steadily from Covid-19
  • Supertankers able to haul 230 million barrels en route
     
Photographer: Ali Mohammadi/Bloomberg

Chinese oil traders know bargain crude prices when they see them.

That, at least, is one conclusion from the movements of the world’s supertankers.