A global coalition of oil-producing nations has postponed an emergency summit planned for Monday as hopes of an unprecedented production pact among the world’s three biggest crude producers faded. A 23-nation alliance led by Saudi Arabia and Russia was due to debate world-wide production cuts of 10 million barrels a day on Monday and had hoped to include the U.S. as the coronavirus outbreak continues to erode oil demand. But the virtual meeting has now been delayed after Saudi Arabia and Russia swapped barbs and the U.S. failed...

Source: Wall Street Journal April 04, 2020 12:18 UTC