Oil ministers from the OPEC on Wednesday defied the global scare of the deadly coronavirus to hold its crucial meeting in Vienna, Austria.
on Wednesday defied the global scare of the deadly coronavirus to hold its crucial meeting in Vienna, Austria.
Rather than the usual physical meetings attended by finance ministers of countries around the world, along with other leaders, civil society groups and journalists, the organisers opted for ‘virtual meetings format,’ following the ravaging spread of the deadly virus in the U.S.Regardless, the 15-members OPEC defied the threat of the ravaging scourge to go ahead with their scheduled 178th Meeting of the OPEC Conference on Friday, March 6.
Despite previous decisions to intervene by a commitment to cut about 2.1 million barrels per day of their combined production, crude oil prices have declined by over 20 per cent this year. Nigeria’s Minister of State for Petroleum, Timipre Sylva, is leading the Nigerian delegation to the crucial meeting where members are poised to take further decisions to cut their production and stabilise the plummeting market
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