A photo from Oct 22, 2018, showing oil and gas tanks at an oil warehouse at a port in Zhuhai, China.- Reuters
BEIJING (Bloomberg): Tankers carrying 22 million barrels of Russian, Iranian and Venezuelan oil are piling up off China, according to Kpler, as the country battles a virus outbreak that’s sapping demand and causing logistics problems.
China has been one of the only buyers of sanctioned Iranian and Venezuelan oil over the last few years. The world’s largest crude importer is also still taking Russian supplies that are being largely shunned since the invasion of Ukraine.
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