Crude “Tipping Point” Arrives: China Runs Out Of Space To Store Oil

by Tyler Durden
ZeroHedge.com
10/28/2015

Something very unexpected happened: the world quietly hit a tipping point when, according to Reuters, China ran out of space to store oil. According to a senior trader familiar with Sinochem’s oil trading and cited by Reuters, the tankers “are both for SPR (strategic petroleum reserve), but no tank space is available to take that oil in.”

The Rest…HERE

This entry was posted on Wednesday, October 28th, 2015 at 11:45 am and is filed under China, Oil. You can follow any responses to this entry through the RSS 2.0 feed.