VIENNA, April 12 — The world’s top oil-producing countries will meet via videoconference at 1600 GMT today, a source close to Opec said, as they try to address plummeting oil prices due to the coronavirus crisis. The source spoke on the condition of anonymity, but the meeting was confirmed by...
A soldier patrols in front of the headquarters of the Organisation of the Petroleum Exporting Countries in Vienna November 29, 2016. — Reuters pic
It added that the meeting would be chaired by Saudi Energy Minister Prince Abdulaziz bin Salman and Russian Energy Minister Alexander Novak. Mexico’s reticence led to a standoff that cast doubt on efforts to bolster oil prices, pushed to near two-decade lows by the demand-sapping pandemic and a Saudi-Russia price war that rattled global markets.
But Mexico insisted on only cutting production by 100,000 bpd, and later Friday reached a deal with Washington under which the United States would slash output by 250,000 bpd “as compensation” for its southern neighbour.Oil prices have slumped since the beginning of the year due to the Covid-19 pandemic.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US coronavirus deaths top 20,000 with billions in Easter lockdown | Malay MailNEW YORK, April 12 — The United States passed the grim milestone of 20,000 coronavirus deaths yesterday as huge swaths of the globe celebrated the Easter holiday weekend under lockdown at home. The outbreak has now claimed the lives of at least 20,506 people in the US, which leads the world in...
Read more »
Virus deaths top 100,000 ahead of locked-down Easter | Malay MailROME, April 11 ― The global coronavirus death toll topped 100,000 yesterday as Easter celebrations around the world kicked off in near-empty churches with billions of people stuck indoors to halt the pandemic's deadly march. The grim milestone came as the World Health Organization (WHO) issued a...
Read more »
KL top cop confirms received report of Selangor Mansion residents hurling objects at Armed Forces personnel | Malay MailKUALA LUMPUR, April 11 — Police have confirmed receiving a report lodged against some residents at the Selangor Mansion for allegedly throwing items such as bottles, garbage bags and flower pots at Malaysian Armed Forces personnel installing concertina wires in the area. Kuala...
Read more »
Covid-19: Penang’s Seberang Perai Utara is new orange zone, KL’s Lembah Pantai top district in nine-day run | Malay MailKUALA LUMPUR, April 12 — Penang’s Seberang Perai Utara district has now become an orange zone, which means that three out of the five districts in the state are now orange zones or one step below the most severe category of red zones, the latest Health Ministry data released today shows....
Read more »
Argentine Pichot announces bid for top job in World RugbySYDNEY (Reuters) - Agustin Pichot will run against incumbent Bill Beaumont for the top job in World Rugby this month, the outspoken former Argentina international announced in a surprise move on Sunday.
Read more »
Lembah Pantai top virus area in Malaysia | The Malaysian InsightThe red zone has recorded 459 cases as of yesterday, followed by the Hulu Langat and Petaling districts.
Read more »