RE:RE:RE:15 million barrel draw on APIChina holds the power in how long OPEC can keep withholding oil.
Rememeber China saved Europe last fall by exporting LNG to Europe and also not pumping NG prices.
IF USA and China work together, they still can squash OPEC like a bug.
All China has to do is use their massive oil reserve and start selling oil back to the market.
Saudi Annualized GDP is already down to 1.1% and China could push this to a neg GDP in China if they want too.
We still need to see what China does.