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Oil prices are too high, China tells OPEC |
| Home | (Reuters) - BEIJING: China, the world's No. 2 oil consumer, warned Wednesday that crude prices were too high, as the country's energy officials sat down with OPEC officials for their first formal meeting in two years. Record-breaking oil prices, China's strategic stockpiling, its companies' forays overseas and exporting nations' designs on the Chinese refining and retail sector were all on the agenda for a daylong OPEC energy roundtable with China. "The discussion here is mainly to look at the future, to see where these prices are taking us, to forecast demand and supply," Abdullah al-Shameri, head of the OPEC secretary general's office, said at a press conference. |