OPEC To Discuss Oil Price Fall After Virus Epidemic – By AFP News (IB TImes) / Feb 2 2020
OPEC members and their ally Russia will convene a technical meeting this week to analyse oil price falls since the outbreak of a coronavirus epidemic, a source close to the cartel said on Sunday.
The Organization of the Petroleum Exporting Countries will assemble experts in a “joint technical committee’ in Vienna on Tuesday and Wednesday, the source told AFP.
Crude prices have suffered since the virus outbreak as worries about its impact on China’s economic growth have taken hold.
China is the world’s second-biggest economy and a huge consumer of crude.
US benchmark oil contract WTI has fallen by around 18 percent over the past month.
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