Reported about 5 hours ago
The amount of Russian crude oil stranded off the Chinese coast is increasing as traders and shipping companies seek to avoid U.S. sanctions on Russian energy. Ship-tracking data reveals that five tankers carrying nearly 4 million barrels of oil are idling in Chinese waters, with port operators wary of handling the crude. The volume of stranded oil has nearly doubled recently and is expected to keep rising, prompting potential ship-to-ship transfers and increased use of smaller ports.
Source: YAHOO