Double Supply Whammy Knocks Down Oil Prices

China Triples ‘Indonesian’ Oil Imports as Iranian Tankers Shift Routes - China has posted a staggering increase in crude imports from Indonesia, a country that has supplied only one cargo of condensate to China last year, as Iranian sellers get increasingly innovative in their ship-to-ship operations.- According to customs data published by Beijing, Chinese imports of Indonesian crude amounted to 2.7 million tonnes in August, tripling from the previous month, as Iranian tankers have repeatedly signalled calls at Indonesia’s Batam…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com