Pacifying Iran and Saudi Arabia: did China play its role in good faith?

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The oil price did not go up as expected in light of the abrupt production cuts announced by the OPEC+ recently and the EIA, US Energy Information Administration, helped us understand the stagnation of prices despite the substantial cuts.

The OPEC+, meanwhile, has noticed that there is much to be desired as far as the China's economic activities are concerned. Its seemingly knee-jerk reaction, when China's factory output fell in March, shows how seriously the cartel takes what is going on in the world's second largest economy.

In this context, it is important to see whether China really had ulterior motives other than getting the global economy back on track, with its recent peace moves in the Middle East.

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