(Bloomberg) — A flotilla of tankers plying the waters between China and South Korea has been hauling unusually large volumes of a lesser-known fuel called light-cycle oil — or LCO — to Asia’s biggest crude consumer.Almost 800,000 tons of LCO arrived in China from its neighbor in July, the most in at least three years and more than twice the monthly average in the first half, data intelligence firm Kpler said. The flurry of activity, which looks to be accelerating this month, is being driven by both pull and push factors for LCO, a low-quality petroleum product that’s blended into …read more
Source:: Yahoo Finance
