What is happening: There may be another shift in oil supply chains this year, as China face an economic slowdown that could send ripples out across Asia.
China: During the slowdown, China will be unlikely to keep up their usual levels of gasoline usage. Demand out of China has supported oil prices over recent years, with import volumes rising by double digit volumes across 2017 and 2018.
Exports: This will lead to increased exports across other Asian countries. Export quotas out of China went up by 35% last year, and they may raise them again to help keep up refiner production.
Refiners: Less demand in China could put added pressure on refiners.
Tank operators: On the other hand, tank operators may see a boost.