Eleven very large crude carriers (VLCC) have been anchored off mainland ports for up to 10 days waiting for storage capacity to free up. Photo: Bloomberg Eleven very large crude carriers (VLCC) have been anchored off mainland ports for up to 10 days waiting for storage capacity to free up. Photo: Bloomberg
Eleven very large crude carriers (VLCC) have been anchored off mainland ports for up to 10 days waiting for storage capacity to free up. Photo: Bloomberg

Beijing's cut-price oil binge stretches storage tank capacity to limit

China imported on average 6.2 million barrels per day (bpd) in 2014 -- the rough equivalent of three VLCC full loads -- with 90 per cent of it seaborne

Eleven very large crude carriers (VLCC) have been anchored off mainland ports for up to 10 days waiting for storage capacity to free up. Photo: Bloomberg Eleven very large crude carriers (VLCC) have been anchored off mainland ports for up to 10 days waiting for storage capacity to free up. Photo: Bloomberg
Eleven very large crude carriers (VLCC) have been anchored off mainland ports for up to 10 days waiting for storage capacity to free up. Photo: Bloomberg
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