You are here

More oil cargoes head for China as oil prices plunge

Monday, November 17, 2014 - 05:50

The biggest tankers earned an average of about US$28,000 last month shipping Middle East oil to Asia, Baltic Exchange data show.


ADD oil shippers to the list of winners from this year's collapse in crude.

The price plunge has spurred China, the world's second-biggest importer after the US, to accelerate bookings of oil cargoes. It will also shave almost US$20 billion a year in fuel costs across the

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom