Opec confirms March meeting date, ending Saudi-Russia tussle

OPEC sent out invitations for meetings between the cartel and its allies on March 5 and 6, delegates said, signaling that plans for an emergency gathering have faded away.

The 23-nation coalition known as OPEC+ had already scheduled the conference for early March when it last assembled in December. Saudi Arabia has been pushing for weeks for an earlier meeting of the Organization of Exporting Countries and its allies with Energy Minister Abdulaziz bin Salman this week equating the coronavirus’s impact on the market to a house on fire.