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China is hoarding cheap oil in a fleet of supertankers - CNNMoney
CNNMoney | China is hoarding cheap oil in a fleet of supertankers CNNMoney Despite the massive capacity boom, China is still buying more oil than it can store -- and all that crude has to go somewhere. The solution lies in the Strait of Malacca. At anchor just a few kilometers off the coast of Malaysia lies the TI Europe ... Bloated oil market fed more crude from unwinding sea storage plays |
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