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rdf:type	schema:NewsArticle
schema:articleBody	OPEC members and their ally Russia will convene a technical meeting this week to analyse oil price falls since the outbreak of a coronavirus epidemic, a source close to the cartel said on Sunday. The Organization of the Petroleum Exporting Countries will assemble experts in a "joint technical committee' in Vienna on Tuesday and Wednesday, the source told AFP. Crude prices have suffered since the virus outbreak as worries about its impact on China's economic growth have taken hold. China is the world's second-biggest economy and a huge consumer of crude. US benchmark oil contract WTI has fallen by around 18 percent over the past month. Top oil exporter and OPEC kingpin Saudi Arabia said this week that the impact of the virus on oil demand was "extremely limited" but that the kingdom was closely following events. A big part of the impact of global markets was "driven by psychological factors" and "pessimistic views", Saudi said. Russian energy minister Alexander Novak, seemed less sanguine, however, saying on Friday that the virus crisis could lead to lower demand for hydrocarbon fuels. The 13-member OPEC cartel regularly sits down with 10 non-members led by Russia to decide on measures to influence the oil price. OPEC and its allies in December extended an existing agreement to curb crude oil production to keep prices from plunging. smk/jh/pvh
schema:headline	OPEC to discuss oil price fall after virus epidemic
schema:mentions	OPEC Vienna Agence France-Presse Petroleum Saudi Arabia Russia China Coronavirus Ministry of Energy (Russia) Alexander Novak Price of oil West Texas Intermediate PVH (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)

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