OPEC will help stabilise oil market amidst Coronavirus concerns – African Energy Chamber
As oil prices sank about 14 per cent last week and the Brent hit a 12-month low on the back of the coronavirus outbreak, the Organisation of Petroleum Exporting Countries is meeting in Vienna this week, to help stabilise the market.
“A bold and substantial production cut by OPEC and OPEC+ member countries will help alleviate oil market fears and bring stability,” said Mr Ayuk.
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