EconomySechin: China has effectively taken the initiative from OPEC in stabilizing global oil market
Rosneft CEO Igor Sechin said China effectively took over OPEC’s role in stabilizing the global oil market this year by cutting oil imports by 5.5 million barrels per day. He said China’s 1.4 billion barrels in reserves give it leverage, and further growth will strengthen its energy-market role as OPEC’s influence declines.
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TASS★★★★☆2026-09-04 09:39Original
Sechin: China has effectively taken the initiative from OPEC in stabilizing global oil market