China teapot refiner oil buying spree creates tanker jam at Qingdao

07 April 2016, London/Singapore — A surge in oil buying by China’s newest crude importers has created delays of up to a month for vessels to offload cargoes at Qingdao port, imposing costly fees and complicating efforts to sell to the world’s hottest new buyers. China’s independent refiners, freed of government constraints after securing permission […] More »