OPEC members meet to mull output cuts over virus outbreak – Saudi Gazette

OPEC members meet to mull output cuts over virus outbreak – Saudi Gazette

Earlier the oil ministry of Iraq, OPEC's second-biggest producer, said the bloc was considering a further cut to crude oil output.OPEC said on Tuesday that its "joint technical committee" meeting was briefed on China's reaction to the crisis by the Chinese ambassador to the UN in Vienna Wang Qun.. Jihad told AFP that any recommendations from the meeting would be relayed to ministers and that "any further cut to outputs would only be announced in a ministerial meeting".Jihad said delegates would also consider bringing forward an OPEC ministerial meeting planned for March to February "depending on the market's needs and what happens with the virus".Russian Energy Minister Alexander Novak also said the schedule could be changed.". The new coronavirus has killed more than 400 people and infected a further 20,000 in China since emerging in December and has also spread to more than 20 other countries.. Saudi transport exhibition aims to transform the Kingdom into a global logistics center.