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McQuilling: Chinese oil thirst drives tanker market

Global capacity at refineries in the Far East and other regions is rising, thus boosting the demand for crude oil. China in particular is a driver during an otherwise tough year for tanker carriers, writes McQuilling in a new update.

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

Growing demand from refineries in the Far East is keeping crude tankers busy in 2016.

China in particular has increased its import of crude oil in order to service its many refineries, writes analyst firm McQuilling in a new update.

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