| 30.09.2016 - Why China is the oil ‘wild card’ that could overrule any OPEC moves |
| OPEC may now have come around to the idea of capping output, but any efforts by the cartel to boost oil prices longer-term could easily be quashed by an unexpected player in the energy market: China. Taking advantage of the slump in oil prices, the country has in recent years aggressively accelerated its buildup of strategic petroleum reserves, giving it a strong tool to cap a rally in oil prices, energy experts said.............................................Full Article: Source |