Supertanker rates slump as virus hits Chinese oil demand
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LONDON (Reuters) - Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia have fallen to their lowest since mid-September as the coronavirus outbreak hit Chinese oil demand, ship brokers told Reuters.China's Sinopec Corp , Asia's largest refiner, and so-called "teapot" independent refineries have reined in operations in the face of plunging consumption. "The market has gone back to what it was before the COSCO sanctions came in," one ship broker said, referring to U.S...