Europe Set to Receive 12 Million Barrels of Oman, UAE Oil as China Curbs Imports

1 articles · Updated · Bloomberg · Jun 11

Six supertankers carrying a combined 12 million barrels of crude from Oman and the UAE are scheduled to reach Europe next month, with most cargoes headed to northwest Europe.
That rare flow reflects a collapse in Chinese buying, which is freeing Middle Eastern barrels for other consumers as the Iran war disrupts global supply.
An Iraqi tanker is also signaling a voyage to Rotterdam, suggesting Europe is drawing in additional regional crude to offset the shock.
The shipments offer a concrete sign of how trade routes are being reshaped by war-driven disruption and weaker Chinese demand.

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