China is now the world’s great oil power

🇨🇳 The Economist (CN) —

AI Summary

China has emerged as a major global oil power, overtaking OPEC influence with the Chinese Communist Party now effectively controlling oil market decisions. This shift marks a significant realignment in global energy and commodity markets.

Forget OPEC. The Chinese Communist Party calls the shots

World Politics Markets Commodities Energy China oil power OPEC Chinese Communist Party energy markets commodity markets

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