Similar to Saudi Arabia, which is a swing producer, China is acting like a swing consumer

Why China Is Really Dictating the Oil Supply Glut

By Oilprice.com Rakesh Upadhyay—— Bio and Archives--May 4, 2016

Global Warming-Energy-Environment | Comments | Back To Full Article

Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in the first quarter of 2016—the highest stockpiling rate since 2014.

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