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Title:
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China Masks Oil Imports Via Ship Transfers as Sanctions Bite
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Author:
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Bloomberg News
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Source:
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Bloomberg
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Date:
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October 8, 2019
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Description:
- Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies. Some 910,000 tons of crude, three times as much as in August, was offloaded at Chinese ports after being transferred in the South China Sea, according to ship-tracking data compiled by Bloomberg. It’s unclear where this oil came from, but moving crude from one vessel to another at sea is a common way of disguising the origin of cargoes.
