Russian Energy Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will chair an OPEC and non-OPEC online meeting later on Sunday, the Azerbaijan energy ministry said.
The Organization of Petroleum Exporting Countries , Russia and other allies, a group known as OPEC+, outlined plans on Thursday to cut output by more than a fifth in an effort to prop up prices hammered by the coronavirus crisis.
“The ministerial meeting between OPEC and non-OPEC members is a follow-up after the April 9 meeting,” the Azeri Energy Ministry said on Sunday, adding that its energy minister planned to take part in an online conference set to start at 1600 GMT. On Thursday, OPEC+ largely agreed to curb crude production by 10 million barrels per day or 10% of global supplies, but said they wanted other producers including the United States and Canada to cut a further 5%.
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U.S. senators hold call with Saudi officials urging them to put oil cut in motionRepublican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
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