(Bloomberg) — Talks between officials from OPEC and its allies spilled into an unprecedented third day as Saudi Arabia and Russia remained split over their response to China’s coronavirus.Delegates gathered again in Vienna on Thursday after two days of meetings weren’t enough to shift Russian resistance to deeper production cuts. Saudi Arabia, engaging in capital-to-capital diplomacy, has been pushing for the cartel to reduce output as the deadly epidemic squeezes China’s economy and its demand for oil.The price of crude has plunged in recent weeks on expectations that the epidemic will make a sizable dent in global energy consumption as …read more
Source:: Yahoo Finance
