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Russia’s Sechin says China, not OPEC, calls shots on global energy markets

  • Rosneft boss Igor Sechin said China — not OPEC — has stabilised oil markets by cutting its crude imports by about 5.5 million barrels per day this year.
  • He predicts China’s growing reserves will boost its sway in energy markets as OPEC’s influence wanes (the UAE left OPEC earlier this year).
  • Sechin made the remarks at a Russia‑China business forum in Vladivostok, underscoring closer Moscow‑Beijing energy ties.
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