News Headlines:
OIL DAYBOOK EUROPE: Biggest China Oil Refiner Seen Cutting Runs (Bloomberg)
China’s biggest oil refiner is scaling back operations as Beijing’s aggressive response to the delta virus variant saps demand for road and aviation fuel. State-owned China Petroleum & Chemical Corp., or Sinopec, is cutting run rates at some plants by 5% to 10% compared with previously planned levels this month, according to ICIS-China.
Tanker missing for over a month off Oman with $30m China-bound cargo (Tradewinds)
The 106,000-dwt Winsome (built 2000) issued an AIS signal on 5 July shortly after it set out on its voyage from Sohar Oman, and then stopped transmitting. It is unclear what has happened to the vessel. There is speculation that it could have been hijacked by Iranian interests, because of similar recent incidents — and the sometimes murky nature of tanker movements in the region.