Supertanker With Russian Oil Anchored Near China Could Signal Weak Demand

A supertanker carrying 2.1 million barrels of Russia’s Far Eastern ESPO crude grade has been anchored near China for days in what traders say is an unusual pattern that could suggest weaker demand in the Asian market. The Big Star supertanker loaded ESPO from three smaller vessels near Russia’s Zarubino port in the Far East earlier this month and headed to China’s port of Jieyang in the southern province of Guangdong, according to ship-tracking data from LSEG cited by Reuters. However, the Big Star has been stationed at anchor…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com