You are here

China demand drives Singapore oil storage sales to 11-month peak

BT_20170421_OIL_2849673.jpg
There are fears that China's surging imports may lead to a fuel overhang as its refiners produce more than the market can absorb.

Singapore

CRUDE oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April.

Traders sold a total of 22.6 million

sentifi.com

Market voices on:

Powered by GET.comGetCom