Russian Energy Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will chair an OPEC and non-OPEC online meeting later on Sunday, the Azerbaijan energy ministry said.
The Organization of Petroleum Exporting Countries , Russia and other allies, a group known as OPEC+, outlined plans on Thursday to cut output by more than a fifth in an effort to prop up prices hammered by the coronavirus crisis.
“The ministerial meeting between OPEC and non-OPEC members is a follow-up after the April 9 meeting,” the Azeri Energy Ministry said on Sunday, adding that its energy minister planned to take part in an online conference set to start at 1600 GMT. On Thursday, OPEC+ largely agreed to curb crude production by 10 million barrels per day or 10% of global supplies, but said they wanted other producers including the United States and Canada to cut a further 5%.
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