Saudi Arabia calls ‘urgent’ meeting of oil producers

Saudi Arabia calls ‘urgent’ meeting of oil producers

Crude prices jump after move, which Kingdom says is part of efforts 'to support global economy in these exceptional circumstances'. DUBAI: Saudi Arabia has called an urgent meeting of the Organization of Oil Exporting Countries and other oil exporters, to discuss restoring the "desired balance" in global energy markets.. President Vladimir Putin denied that he had spoken to the crown prince about the price of oil.. Novosti, the official Russian news agency, said there was no such conversation, but added that the president had discussed falling oil prices with other OPEC members and with the US.. World Bank to roll out $160bn emergency aid over 15 months /node/1652026/business-economy. WASHINGTON: The World Bank on Thursday approved a plan to roll out $160 billion in emergency aid over 15 months to help countries deal with the impact of the global coronavirus pandemic.. The board of the Washington-based development lender announced the first set of fast-track crisis funding, with an initial $1.9 billion going to projects in 25 countries, and operations moving forward in another 40 nations, the bank said in a statement..