Sun, 2020-04-05 04:00
DUBAI: A crucial meeting of OPEC+ producers on Monday aimed at cutting output and stabilizing the global oil market has been postponed.
“Monday is too early,” a Saudi oil official told Arab News. “OPEC needed more time to work out facts and figures.”
The “virtual” meeting, which may now take place later this week, is between 11 OPEC members led by Saudi Arabia and 10 other oil producers led by Russia.
It follows an “urgent” call by Saudi Arabia last week, and an intense round of telephone diplomacy between Riyadh, Moscow and Washington.
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