Tianjin hit by major explosions
The major Chinese port of Tianjin suffered two major explosions and several smaller blasts on Wednesday night which newswires most recently report have claimed at least 50 lives and injured more than 700 people. A number of the casualties were firefighters. The explosions occurred at warehouses storing toxic chemicals. President Xi Jinping and Premier Li Keqiang have urged for all-out efforts to help the injured and minimise casualties, state news agency Xinhua reports. Tianjin handled approximately 375K b/d of crude oil in 2014 (Bloomberg reports) and as a result a suspension of operations could temporarily limit Chinese crude imports.