Supertanker With Russian Oil Anchored Near China Could Signal Weak Demand

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 …

The Mystery of the Russian Supertanker: 2 Million Barrels of Crude Stuck Off China. Sanctions or Collapse in Demand? - Economic Scenarios

A supertanker carrying 2.1 million barrels of Russian Far Eastern ESPO crude has been docked near China for days, in what traders say is an unusual