OPEC Committee Urges Output Cut Over Coronavirus
February 8, 2020
A committee appointed by the OPEC club of oil-producing countries and its allies to study the effects of coronavirus recommended additional output cuts on Saturday, Algeria’s energy minister said.
“The coronavirus epidemic has had a negative impact on economic activity, notably in transport, tourism and industry, particularly in China,” Mohamed Arkab, who is also president of the conference of the Organization of the Petroleum Exporting Countries, said in a statement.