latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/opec-meeting-may-be-delayed-over-saudi-arabia-russia-row-57912403 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

OPEC+ meeting may be delayed over Saudi Arabia-Russia row

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico


OPEC+ meeting may be delayed over Saudi Arabia-Russia row

The OPEC+ meeting to try to end the oil price war may be delayed as Saudi Arabia and Russia's ongoing rift intensified, Bloomberg News reported.

OPEC+, an alliance of OPEC members plus Russia and other nations that accounts for roughly half of global oil production, may now tentatively hold the virtual gathering April 9, instead of April 6.

OPEC+ may need additional time for negotiations as Riyadh and Moscow trade barbs about who is to blame for a dip in oil prices, the report added, quoting a delegate familiar with the matter.

Saudi Arabia criticized comments by Russian President Vladimir Putin that the kingdom should be blamed for the crash in oil prices. Foreign Minister Prince Faisal bin Farhan called the comments "devoid of truth" and a "distortion of facts."

The price war broke out after Russia rejected a Saudi-led OPEC proposal in March to deepen production cuts in response to the coronavirus pandemic.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.