27 Nov 2024
Saturday 6 June 2020 - 18:49
Story Code : 377190

OPEC ministers meet to decide supply cut

OPEC ministers meet to decide supply cut
SHANA -- OPEC ministers on Saturday came together on videoconference to discuss what policy to adopt on oil production in coming months amid falling demand due to the coronavirus outbreak.

The 179th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) started through videoconference on Saturday with a speech from Mohamed Arkab, the rotating president of the producer group.

OPEC members are expected to discuss the compliance of member states to the oil supply cut as well as policies to follow in coming months.
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