G20 oil ministers are to hold an emergency meeting this week after a push by Saudi Arabia and the International Energy Agency as they try to support an industry decimated by the coronavirus pandemic.
With millions of jobs and the stability of the global economy at risk, Fatih Birol, head of the IEA, told the Financial Times that Friday’s talks aimed to find a way to protect energy markets during the crisis.
The meeting would mark the first time the G20 has specifically convened to address energy issues, showing the depth of concern about the oil crash.
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