Anonymous ID: e21add Feb. 3, 2020, 6:28 a.m. No.8010200   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>0275 >>0429 >>0491

Saudis Weigh Large Oil Cuts in Response to Coronavirus

 

Russia and Iran are still reluctant to attend an emergency oil producersโ€™ meeting.

 

Saudi Arabia is pushing for a major, short-term oil production cut as it seeks to respond to the impact of Chinaโ€™s deadly coronavirus on crude demand, according to OPEC officials.

 

Representatives of the Organization of the Petroleum Exporting Countries and its allies are set to meet Tuesday and Wednesday to debate possible action after the outbreak in China, the worldโ€™s largest oil consumer, led to the biggest monthly crude-price drop in 30 years.

https://www.wsj.com/amp/articles/saudis-mull-drastic-oil-cuts-in-response-to-coronavirus-11580728630