{"id":468,"date":"2014-10-23T10:29:54","date_gmt":"2014-10-23T10:29:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=468"},"modified":"2014-10-23T10:29:54","modified_gmt":"2014-10-23T10:29:54","slug":"meanwhile-this-is-who-is-quietly-buying-all-the-cheap-oil-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=468","title":{"rendered":"Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge"},"content":{"rendered":"

Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge<\/a>.<\/p>\n

With the US Shale Oil industry up in arms, Venezuela screaming, and Russia awkwardly quiet\u00a0(as the Ruble slides with the falling oil price stabilizing domestic inflows)<\/em>,\u00a0the ‘secret’ Saudi-US oil deal<\/a>that pressured prices for crude down to $80\u00a0(18-month lows today)<\/em>\u00a0has ‘hurt’ a lot of the world’s producer nations. However, as\u00a0Bloomberg reports,<\/a>\u00a0there is one nation that is very grateful.\u00a0The number of supertankers sailing toward China\u2019s ports surged to a nine-month high as over 80 very large crude carriers (VLCCs)<\/strong>\u00a0– the industry\u2019s biggest ships – sail toward the Asian country\u2019s ports. At an average of 2 million barrels each, the\u00a0160 million barrels will help refill China’s\u00a0727 million barrel SPR<\/a><\/strong>\u00a0which it started in 2012<\/a>.<\/p>\n

\n

There are 89 tankers sailing for Chinese ports, 80 of which are VLCCs – the highest since January 3rd.<\/p>\n

\"\"<\/a>…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge. With the US Shale Oil industry up in arms, Venezuela screaming, and Russia awkwardly quiet\u00a0(as the Ruble slides with the falling oil price stabilizing domestic inflows),\u00a0the ‘secret’ Saudi-US oil dealthat pressured prices for crude down to $80\u00a0(18-month lows today)\u00a0has ‘hurt’ a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[130,588,594,694,846,851],"class_list":["post-468","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-china","tag-oil","tag-oil-prices","tag-russia","tag-us-shale-oil","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=468"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/468\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}