Saudi Arabia will host a virtual meeting on Friday of energy ministers from the Group of 20 major economies in a bid to ensure "market stability" amid a coronavirus-led slump in crude prices.
The video call will follow an emergency meeting on Thursday of OPEC and other oil producers to address the virus-sapped demand for crude and a price war between Saudi Arabia and Russia.
"The Saudi G20 presidency will hold an extraordinary G20 energy ministers' virtual meeting on Friday... to foster global dialogue and cooperation to ensure stable energy markets," said a statement released on Tuesday by the Saudi hosts.
"The G20 energy ministers will also act, alongside invited countries, and regional and international organisations, to alleviate the impact of the COVID-19 pandemic on the energy markets."
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