London — OPEC is monitoring the spread of the COVID-19 virus ahead of its scheduled March 5-6 meeting, Secretary General Mohammed Barkindo said Thursday, as a suspected case of the infection was reported in Vienna near the secretariat.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
As of now, plans for the meeting have not been changed, OPEC officials told S&P Global Platts.
"We have to keep monitoring and pray," Barkindo said from Saudi Arabia, where he was attending a carbon capture conference hosted by Saudi Aramco. "Risky times."
- Oil extends losses as coronavirus outbreak accelerates outside China
- Coronavirus not yet impacting Asian demand for Ecopetrol crude: CEO
- Par Pacific sees no coronavirus impact on Hawaiian refining operations: CEO
- China to exempt US-origin petcoke from 25% import tariff: sources
- Nornickel neutral on nickel with assumptions clouded by coronavirus
- Rio Tinto expects coronavirus impact on Q1 demand, supply chains
A school in central Vienna was evacuated after a teacher was suspected of contracting the virus, local media reported Thursday. The school is in Vienna's Josefstadt district, about 2 km from OPEC's secretariat.
OPEC and its allies are under pressure to respond to the oil market impact of the coronavirus with additional production cuts, and next week's meeting will decide the future of the coalition's current 1.7 million b/d supply cut accord, which expires at the end of March.
The 23-country group, known as OPEC+, is weighing a recommendation to cut its quotas by another 600,000 b/d, but Russia, the key non-OPEC partner, has yet to commit.