OPEC+ Weighs Emergency Response as Oil Slumps on Virus Panic

Saudia Arabia seeks emergency meeting after oil prices plunged
Russia starts to signal openness to meeting: Interfax

File: Oil In Focus At G20 And OPEC Meeting — Photographer: Luke Sharrett/Bloomberg

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By Grant Smith, Olga Tanas, and Javier Blas

January 31, 2020 at 8:26 AM UTC

Updated on

February 1, 2020 at 9:15 PM UTC

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OPEC and its allies considered how to respond to a plunge in oil prices, with Russia signaling for the first time it was open to Saudi Arabia’s push for an emergency meeting.

Potential dates being discussed are Feb. 8-9 and Feb. 14-15, though for now the next regular meeting on March 5-6 remains on the schedule, a delegate said.