| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
China Just Took a Giant Step in Its Takeover of Global Oil Markets
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
To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post China Just Took a Giant Step in Its Takeover of Global Oil Markets appeared first on Money Morning – We Make Investing Profitable.
