OPEC and its allies ended the first half of a two-day technical committee meeting Tuesday with no pronouncements on new production cuts, but heard from a Chinese official who said markets were overreacting to the coronavirus outbreak. OPEC and its partners, collectively known as OPEC+, are under pressure to stem a 20% plunge in oil prices since news of the virus first broke, with Saudi Arabia and other members pressing the bloc to institute immediate production cuts of some 500,000 to 1 million b/d, according to sources. That would be on top of the 1.7 million b/d in curbs that OPEC+ began instituting in January. ICE […]