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Infographic: OPEC and world oil producers seek a coronavirus exit strategy

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Infographic: OPEC and world oil producers seek a coronavirus exit strategy

The world's biggest oil producers are running out of time to balance the market after the spread of the coronavirus pandemic crushed demand.

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The Platts Dated Brent benchmark has plunged 70% in the last month as consumption plummeted and major producers such as Saudi Arabia boosted supply. With storage expected to be filled by May a global deal on supply looks increasingly inevitable.

The below infographic shows the key crude grades from producers likely to be impacted in some way by global cuts.

Podcast: OPEC returns as US price punching bag, but can any cut reverse price collapse?

Click here to see full-size infographic

OPEC and world oil producers seek a coronavirus exit strategy