The volume of crude bound for China has plunged to its lowest level since early May, hinting at faltering demand in contrast to the buying bonanza that took place only a few months ago. The number of supertankers signaling the Asian nation during the next three months fell by 12 this week to 111, ship-tracking data compiled by Bloomberg show. The decline underscores faltering demand as global infections of Covid-19 rise, and the world braces for a second wave of the virus. Back in May, Chinese oil demand soared to around pre-coronavirus levels, and more tankers than at any other time raced to the world’s largest ... (full story)