Saudis Renew Push for Output Cuts as Coronavirus Weakens Oil Business


Saudi Arabia is trying to persuade Russia to join oil producers in an emergency crude-production cut, as the industry grapples with oversupply and operational slowdowns resulting from the spread of the coronavirus.

Representatives from the Organization of the Petroleum Exporting Countries’ member nations are set to meet this week in Vienna with 10 allied countries led by Russia. Officials from Saudi Arabia, OPEC’s de facto leader, said they would attend a technical meeting with Russia and others Tuesday, at which they hope…

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