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Behind the scenes at The Economist
China has wrested control of oil markets from OPEC
When market power comes from buying power, oil importers can do better
TL;DRAI
China seized oil-market control from OPEC; Brent crude stays $40 below April's $126 peak despite Iran war and Strait of Hormuz closure. Tech operators gain energy-cost predictability amid geopolitical volatility, but petro-leverage shift to Beijing signals supply-chain concentration risk.
278 words~1 min read
