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What Does OPEC Cut Mean for China

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The world’s second-largest economy is conflicted as far as an OPEC production cut is concerned, one analyst told CNBC.

China is facing a “trade off” between its oil industry and the rest of its economy, Miswin Mahesh, an oil market analyst for Barclays, told CNBC via telephone. Ultimately though, Mahesh asserted that “it is in China’s interest that OPEC doesn’t cut.”

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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