Oil Tankers Wait Offshore as Russia Redirects Barrels to China

Tankers carrying a total of up to 12 million barrels of crude oil are either en route or close to China in East Asian waters, waiting for buyers in the world’s top crude importer, as India is pulling back. Five of these tankers signal ‘for orders’ or ‘China for orders’ as their status, per data intelligence firm Kpler cited by Bloomberg on Friday. ‘For orders’ typically means the cargo doesn’t have a destination port or buyer. Six other vessels are en route to offshore Singapore…