China’s seaborne crude imports are still running well below normal even as dated crude prices, differentials and shipping rates rise. Alexander Stahel puts imports at 6-7 million bpd, 2-3 million below baseline and 5-6 million under strategic stocking levels.
published
China’s seaborne crude imports are still running well below normal even as dated crude prices, differentials and shipping rates rise. Alexander Stahel puts imports at 6-7 million bpd, 2-3 million below baseline and 5-6 million under strategic stocking levels.
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