News Summary

• Igor Sechin, chief of Russia's top oil producer Rosneft, said China, not OPEC, has ‌stabilized global oil markets by reducing crude imports.
• Sechin was speaking at a ‌Russian - Chinese business forum in the far eastern city of Vladivostok.
• He said China will get more influence on the energy markets as the number of OPEC members is ‌declining.
• Earlier this year, the United Arab Emiratesdeclared its ‌withdrawal from the group.