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Asian Floating Crude Stocks Expected to Fall as Chinese Buying Picks Up - Mansfield Energy
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Asian Floating Crude Stocks Expected to Fall as Chinese Buying Picks Up - Mansfield Energy
Oil floating in Asian waters is expected to decline as the new year begins, with exports of sanctioned crude easing and Chinese refiners increasing purchases at steeper discounts. The shift marks a tightening in regional supply-demand balances after months of heavy sanctioned exports pushed floating storage to a three-year high, leaving large volumes stranded offshore. According to data from Kpler, floating crude inventories in Asia climbed to 7…
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