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2020-04-03 12:10:00

#OilPriceWar: SAUDI ARABIA CALLS OPEC+

#OilPriceWar: SAUDI ARABIA CALLS OPEC+

PLATTS - 02 Apr 2020 - In a sudden change of heart after intervention by US President Donald Trump, Saudi Arabia on Thursday called for an "urgent meeting" of the OPEC+ alliance and other producers to negotiate a deal on output cuts that could stem the coronavirus-induced freefall in oil prices.

In a statement carried by the official Saudi Press Agency, the kingdom said it was "seeking a fair agreement that will restore the desired balance to the oil markets" and indicated that it wanted other countries outside the OPEC+ alliance to join the talks.

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