OPEC analysis estimates 200,000-400,000 b/d demand fall Analysts see OPEC+ agreeing on cuts of at least 500,000 b/d Ministerial meeting would need to be scheduled for vote Officials from OPEC and its allies, led by Saudi Arabia and Russia, will reconvene in Vienna Wednesday, with the market awaiting clues on how the group will respond to the coronavirus-triggered shock to oil prices. Delegates on a technical committee emerged from five hours of discussions Tuesday with no recommendation as yet for the producer coalition known as OPEC+ to immediately implement deeper output cuts, as Saudi Arabia and other members have urged. Analysis by the OPEC secretariat presented to the committee estimates a likely demand fall of between 200,000-400,000 b/d for the year — roughly a 2%-4% contraction in global consumption — due to the spread of the […]