China’s need for oil has been calming down military conflicts worldwide, analyst says

News Snapshot:

China's stance in oil markets may be easing aggression between producers, Paul Sankey told CNBC. "A big part of that is China standing behind the curtain and going, you know, can you please not interrupt our oil supply?" Advertisement China's major stake in crude markets could be a soothing factor amid geopolitical tensions, oil expert Paul Sankey suggested in an interview with CNBC. "It's interesting that the Venezuelan threats against Guyana go nowhere, the Iranian threats just peter out," the Sankey Research founder said. "And I think a big part of that is China standing behind the curtain and going,...