The logo of the Organisation of the Petroleum Exporting Countries (OPEC) on a flag at the oil producer group's headquarters in Vienna, Austria. Members begins meeting on Thursday (March 5) in Vienna as they weigh how to react to a sharp drop in oil demand due to the outbreak of the Covid-19. - Reuters
BEIJING/LONDON/RIYADH: The Organisation of the Petroleum Exporting Countries (OPEC) club of (oil-producing countries) begins meeting on Thursday (March 5) in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the Covid-19 (coronavirus).
The extraordinary two-day meeting will see OPEC, led by Saudi Arabia, and its allies in the so-called OPEC+ group -- foremost among them Russia -- discuss how to halt the sharp fall in oil prices in the past two months as the epidemic has spread.
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