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Market Impact: 0.35
Russia's Sechin says China, not OPEC, calls shots on global energy markets
Source: reuters.com
Energy Markets & PricesTrade Policy & Supply ChainGeopolitics & War
Rosneft CEO Igor Sechin said China—not OPEC—has stabilized global oil markets by cutting crude imports by 5.5 million barrels per day this year. The statement reframes the near-term supply/demand balance toward Chinese purchasing behavior, which could influence market sentiment around oil pricing dynamics.
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