(Bloomberg) — China, the world’s biggest oil importer, has ramped up purchases of American crude in the lead-up to a highly-anticipated review of the trade deal between the two economic powerhouses.As much as 14 million barrels — or seven super-class tankers full — of U.S. oil will be loaded next month for delivery to China, according to estimates by Vortexa Ltd. based on provisional tanker bookings. If all those shipments make the trip that will be more than double the volumes set for August.The surge in bookings comes before a review of the phase-one trade deal, under which China pledged …read more
Source:: Yahoo Finance
