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China Just Took a Giant Step in Its Takeover of Global Oil Markets

Thursday, April 28, 2016 2:49
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(Before It's News)

The energy news headlines these days are all about the failure of the Doha summit and the upcoming June OPEC meeting in the face of a historic, intractable global supply glut.

But there’s a takeover underway that’s flying totally beneath the radar…

In fact, the early stages are already complete – it started right in the United States’ geopolitical “backyard,” in the OPEC member-state of Ecuador.

The power player moving in is of course none other than China. But it’s certainly not going to limit itself to Ecuador.

Here’s what you need to know about this development…

Tags: Oil

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The post China Just Took a Giant Step in Its Takeover of Global Oil Markets appeared first on Money Morning – We Make Investing Profitable.

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