China beats massive oil

amsterdam - China has sent its tanker fleet over the world to buy anywhere on crude oil at the very low price of oil. Chinese companies go in February in Africa collect more oil than they have done in all previous months since 2011.

The acquisitions are a signal that China expects its output will increase its stocks of crude oil were already well filled.

The purchases appear to have been made at prices below $ 30 per barrel of 159 liters, according to figures from shippers collected by Bloomberg. According to market experts fit the otherwise buy at rock bottom prices in the tradition of China to save when the bottom is reached.

The economy will grow this year by 6.5% yoy, the slowest pace since 1990.