Opec divided on how to combat Covid-19 fallout
Opec has yet to come to an agreement over the abundant supply as demand drops amid the Covid-19 outbreak. – AFP pic, March 5, 2020.
MINISTERS from the Opec group of oil-producing countries will meet in Vienna today to try to overcome their divisions on how to react to the fall in oil prices in the wake of the novel coronavirus epidemic. The group already had to contend with abundant supply on global markets weighing on prices but the spread of Covid-19 across the world has sent them plunging.
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