Rosneft Chief Says China Now Leads Global Oil Market Stability
2 sources across 2 countries · United Kingdom · United States
Who reported this
- Reuters
- Al-Monitor
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- Centre-left
- Centre
- Centre-right
- Right
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Igor Sechin, the head of Russia's top oil producer Rosneft, stated on Thursday that China has taken the lead from OPEC in stabilizing global oil markets. Speaking at a Russian Chinese business forum in Vladivostok, Sechin noted that China reduced its crude imports by 5.5 million barrels per day this year. Sechin, a close ally of President Vladimir Putin, argued that China's influence will continue to grow as OPEC's influence wanes and its membership declines. He specifically cited the recent withdrawal of the United Arab Emirates from the group as part of this trend.
How each side framed it
- Centre
- Outlets with a center lean reported the event as a factual account of Sechin's statements regarding the shift in energy market power.
Sources
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