TEHRAN, Iran — Iran demanded on Wednesday that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia and others seeking to boost global energy prices. The meeting of the so-called OPEC+ is scheduled to be held Thursday after officials delayed it following Saudi Arabia criticizing Russia over its comments about the price collapse. A meeting in March saw OPEC and other nations led by Russia fail to agree to a production cut as the ongoing coronavirus pandemic has drastically cut demand for oil. International benchmark Brent crude traded Wednesday over $34 a barrel as U.S. benchmark West Texas crude traded under $25. Iranian state television quoted Oil Minister Bijan Zabganeh as saying he discussed the “method of decision-making” for the meeting Thursday with OPEC's president, as well as his Kuwaiti and Russian counterparts.

Source: International New York Times April 08, 2020 08:15 UTC