China ports congestion prevents independent refineries from discharging US crude in June

摘要

Singapore—Multiple cargoes carrying US crude oil arrived in Chinese waters in June as independent refiners resumed North American oil purchases in recent trading cycles, but ongoing port congestion has delayed deliveries to the refining complex, according to market information collected by S&P Global Platts. As of July 3, four cargoes of US crudes totaling 631,000 mt were waiting in a long queue to be discharged and had been there since early June.