The meeting agreed upon by OPEC and non-OPEC partners, known as OPEC+, takes place at 4 P.M. Vienna time, Austria, and will be conducted via video conference.
The G-20 presidency said the meeting will foster dialogue and global cooperation to ensure stable energy markets and enable a stronger global economy.
The conflicts between Saudi Arabia and Russia will make it difficult to agree on an unprecedented cut in world oil production, analysts say.
The 9th (Extraordinary) #OPEC and non-OPEC Ministerial Meeting has started. The Meeting is being held via webinar in light of recent developments surrounding the #COVID-19 pandemic. pic.twitter.com/8s0KFYFya7