Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

In this list

OPEC considering moving March 5 meeting forward due to coronavirus impact: officials

Commodities | Electricity | Energy | Electric Power | Nuclear | Energy Transition | LNG | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products | Coronavirus | ESG

Market Movers Europe, Jan 18-22: Nord Stream 2 works resume; the future of oil and energy in focus


Platts Market Data – Oil

Electric Power | Renewables | LNG | Infrastructure Utilities

Caribbean Energy Conference, 21st

Electricity | Coal | Emissions | Electric Power | Renewables | Natural Gas | Metals | Petrochemicals | Aromatics

Blue ammonia to comprise bulk of hydrogen transportation due to lower costs: HSBC

Agriculture | Biofuels | Grains | Oil | Jet Fuel | Dry Freight

Commodity Tracker: 5 charts to watch this week

OPEC considering moving March 5 meeting forward due to coronavirus impact: officials


Decision 'in the coming days': minister

Crude prices, jet fuel demand fall

London — OPEC is in discussions to bring forward its scheduled March 5-6 meeting as the oil market continues to be buffeted by the impacts of the coronavirus outbreak.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Algerian energy minister Mohamed Arkab said Wednesday a decision would be made "in the coming days."

"It is very likely to advance to February the OPEC meeting, initially scheduled for the beginning of March, so that we can find the means to ensure market balance," he said, according to state news agency APS.

OPEC and 10 allies agreed in December to implement 1.7 million b/d of production cuts for the first three months of 2020 and to meet March 5-6 in Vienna to decide on any next steps.

But with the coronavirus spreading and oil prices falling sharply due to concerns about the state of the Chinese economy – the outbreak began in the city of Wuhan – and jet fuel demand, the coalition appears set to be spurred into speedier action, with sources saying deeper cuts could be considered.

One delegate told S&P Global Platts the OPEC secretariat was preparing a report on the impact of the coronavirus for members to consider.

OPEC Secretary General Mohammed Barkindo could not be reached for comment Wednesday.