G20 ministers launch talks on stabilising oil market amid COVID-19 pandemic

G20 ministers launch talks on stabilising oil market amid COVID-19 pandemic
  • Clock-gray 16:30
  • calendar-gray 10 April 2020

G20 ministers have launched talks on stabilising the oil market as the COVID-19 pandemic continue to rage across the globe, a source familiar with the matter revealed on Friday, APA reports citing Sputnik.

OPEC+ nations previously adopted a declaration of cooperation that stipulates a gradual cuts of oil production in three stages compared to the level of October 2018. Nevertheless, Mexico decided to withdraw from the talks on a new oil output reduction deal.

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