Skip to main content

OPEC+ pressures Iraq, UAE to further cut oil production

Saudi Arabia and other OPEC members held a virtual meeting with Russia and other allied oil producers today to discuss the continuing low price of oil amid the COVID-19 pandemic.

GettyImages-1205429215.jpg
Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud arrives for an OPEC meeting in Vienna, Austria, on March 6, 2020. — ALEX HALADA/AFP via Getty Images

Major oil producers today pressured other countries to abide by agreed-upon supply cuts as part of continuing efforts to cope with the global energy market downturn.

The Organization of the Petroleum Exporting Countries (OPEC) met with Russia and other allied oil producers in an online forum today in their combined capacity as OPEC+.

Related Topics

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in