When the Levee Breaks
The weakest June for Chinese crude imports in a decade did not cost a single barrel of throughput. Imports fell 41.3% on the year, runs held above 12.4 mb/d, and product exports went up. The difference came out of the tanks. At the draw rate of the last four months, what is left of this ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.