China Is Hoarding Oil

China is cashing in on the falling price of oil. This super tanker is a floating storage facility, holding more than 3 million barrels of crude.

CNNMoney
Jun 4, 2015

China is cashing in on the falling price of oil. This super tanker is a floating storage facility, holding more than 3 million barrels of crude.

Check out all the latest videos on Manufacturing Business Technology here. 

 

Latest in Operations
Security Breach Podcast
Sponsored
Security Breach Podcast
May 1, 2025
Cans of PAM cooking spray, a Conagra brand, rest on a supermarket shelf in Cincinnati, June 25, 2019.
Conagra Says It Will Phase Out Artificial Colors
June 27, 2025
A screenshot of the Brewco Saw Systems website.
Brewco Saw Systems to Double Workforce, Expand in Kentucky
June 26, 2025
Smoke rises from the North Hyde electrical substation, which caught fire last night, leading to the closure of the Heathrow Airport, in London, March 21, 2025.
Bad Bushings Caused Costly Fire That Shut Down Heathrow Airport
July 2, 2025
Related Stories
Businessman Holding In Hand A Global Connection,communications Concept 586934950 2313x1301 (1)
Operations
Tackling Tech Gaps to Stay Competitive
Eric Trump, Don Hendrickson, Eric Thomas, Patrick O'Brien and Donald Trump Jr., left to right, participate in the announcement of Trump Mobile, in New York's Trump Tower, Monday, June 16, 2025.
Operations
Trumps Drop 'Made in the USA' Label for New Phone
Linde
Operations
Linde's $400M Investment to Support Ammonia Production in Louisiana
Security Breach Podcast
Sponsor Content
Security Breach Podcast
More in Operations
Today in Manufacturing Podcast
Sponsored
Today in Manufacturing Podcast
Today in Manufacturing has a new podcast brought to you by the editors of Industrial Media. In each episode, we discuss the five biggest stories in manufacturing, and the implications they have on the industry moving forward.
May 1, 2025
Cans of PAM cooking spray, a Conagra brand, rest on a supermarket shelf in Cincinnati, June 25, 2019.
Operations
Conagra Says It Will Phase Out Artificial Colors
Artificial colors will be removed from its frozen foods by the end of this year.
June 27, 2025
A screenshot of the Brewco Saw Systems website.
Operations
Brewco Saw Systems to Double Workforce, Expand in Kentucky
The additional space will accommodate a host of new equipment.
June 26, 2025
Smoke rises from the North Hyde electrical substation, which caught fire last night, leading to the closure of the Heathrow Airport, in London, March 21, 2025.
Operations
Bad Bushings Caused Costly Fire That Shut Down Heathrow Airport
And they knew about it for years.
July 2, 2025
Businessman Holding In Hand A Global Connection,communications Concept 586934950 2313x1301 (1)
Operations
Tackling Tech Gaps to Stay Competitive
Why U.S. manufacturing has to bridge tech gaps and empower smaller enterprises relying on legacy systems.
July 2, 2025
iStock/Sundry Photography
Operations
Jabil Plans to Create Nearly 1,200 Jobs in North Carolina with Manufacturing Investment
Tech giants converge: Massive AI manufacturing investment transforms North Carolina's economy.
July 2, 2025
Laser tube cutting machine at Fossil Industries, Hunker, Pa.
Operations
Shuttered Pennsylvania Metalworking Facility Acquired, Reopened
Its new owner plans to triple the current workforce by the end of the year.
June 23, 2025
Howard Industries corporate logo over Mississippi skyline.
Operations
Howard Industries Investing $236M in Mississippi
Electrical transformer, technology products manufacturer looks to create 450 jobs.
June 27, 2025
A lone shopper pushes a cart toward the entrance of a Costco warehouse, March 13, 2025, in Sheridan, Colo.
Operations
Lululemon Sues Costco for Selling 'Dupes'
Copycat clothing controversy: The legal battle reshaping athleisure market.
July 1, 2025
President Donald Trump speaks to the media before walking across the South Lawn of the White House to board Marine One en route to Joint Base Andrews, Md., and on to Florida, Tuesday, July 1, 2025, in Washington.
Operations
War of Words Over Big Bill Intensifies Between Musk, Trump
Political warfare erupts over America's financial future.
July 1, 2025
Martin Winterkorn, former CEO of the German car manufacturer 'Volkswagen', arrives for a questioning at an investigation committee of the German federal parliament in Berlin, Germany on Jan. 19, 2017.
Operations
German Court Suspends Diesel Scandal Trial of Former Volkswagen CEO
Shocking twist: VW diesel scandal trial derailed by unexpected health complications.
July 1, 2025
Approximately 3.8% of tenants at Amata's Chonburi flagship site come from the U.S.
Operations
Inside Thailand's Smart Industrial City: Why U.S. Manufacturers Should Watch Amata
In this Q&A, Amata's CMO explains how Thailand is a growing hub for advanced manufacturing.
June 26, 2025
Acs Enclosures E1749747635683
Operations
ACS Manufacturing's $31.5M Investment to Add 223 Jobs in Utah
The company is a manufacturer of structural enclosures for mission-critical back up power systems.
June 24, 2025
I Stock 1429031788
Operations
Residue from Avocado Pruning Could Stabilize Emulsions
The new compound also features inherent antioxidant and antimicrobial properties.
June 27, 2025
The Nike logo is shown on a store in Miami Beach, Fla. on Aug. 8, 2017.
Operations
Nike Soars On Production Shift Away from China, But it Warns of $1B Tariff Hit
Production in China represents about 16% of the footwear that Nike imports into the U.S.
June 27, 2025