OPEC and its coalition partners are discussing deeper cuts to oil output in the wake of the global coronavirus outbreak and slowing Chinese demand. The technical committee of the 23-member grouping, known as OPEC+, is meeting in Vienna on February 4-5 to weigh the impact from the virus on oil markets and the need for a response. Delegates are also expected to discuss whether to bring forward a ministerial meeting currently scheduled for March 5-6, according to OPEC sources. The following are key facts OPEC+ must consider in response to the emerging global health crisis and its impact on growth. TRADE FLOWS China — the world’s second-largest economy — is the main driver for OPEC crude demand. Slowing economic growth caused by the virus is expected to hit demand hard. **China buys more than 70% […]