Pakistan and Gulf Economist: CHINA COULD PROVIDE BOOST FOR VLCCS IN THE LONGER TERM

“In its latest weekly analysis, Poten and Partners examined the impact that China’s oil demand growth, together with its massive new refinery additions, could have towards demand for VLCCs. According to Poten, over the last decade, China’s consumption of oil has grown more rapidly than any other nation. Its lead has single handedly supported incremental demand for VLCCs as it has risen to the second largest consumer of oil in the world.”