Opec Members To Meet Via Video Conferencing
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2020-04-12 HKT 21:26
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The world's top oil-producing countries will meet via video conference at 1600 GMT on Sunday, a source close to OPEC said, as they try to address plummeting crude prices due to the coronavirus crisis.
The Saudi-led OPEC group and their allies agreed early on Friday that major oil producers -- except Mexico -- would cut output by 10 million barrels per day between May and June in a bid to support falling prices.
The United States then reached a deal with lone holdout Mexico to reduce its output by 100,000 bpd. (AFP)
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