China Drives Global Energy Markets Says Rosneft Chief

Rosneft chief Igor Sechin stated that China has stabilized global oil markets by cutting crude imports. Speaking at a forum, he noted China's growing energy influence as OPEC's role wanes.

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Igor Sechin, CEO of Russia's oil company Rosneft, attends a meeting of Russian President Vladimir Putin with Indonesian President Prabowo Subianto on the sidelines of the Eastern Economic Forum in Vladivostok, Russia, September 3, 2026. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS

China has stabilized global energy markets by reducing crude imports by 5.5M barrels per day this year, Russia state-backed oil producer Rosneft chief Igor Sechin said Thursday morning.

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