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China Stands to Gain From OPEC Deal

BEIJING—For China’s beleaguered oil sector, a understanding by a Organization of a Petroleum Exporting Countries to cut outlay could offer a salvation to an attention that has been beaten by low prices—and might also dive a change divided from a complicated faith on Saudi crude.

If successfully implemented, a understanding portends critical shifts in how China buys unfamiliar oil, analysts said. It could also assistance branch a new slip in domestic…

Article source: http://www.wsj.com/articles/china-stands-to-gain-from-opec-deal-1480588693

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