The March 18 meeting of the OPEC+ panel monitoring the oil market and producers’ compliance with quotas has been canceled, a source in one delegation told Russia’s news agency TASS on Thursday, as Saudi Arabia and its OPEC allies face off with Russia in an escalating oil price war after the OPEC+ group failed to agree on joint actions last Friday. The meeting of the Joint Technical Committee (JTC) of OPEC and non-OPEC countries, scheduled for next week, is unlikely to take place, three sources familiar with the plans told Reuters , with one source saying that the meeting would be postponed. OPEC’s top producer and de facto leader, Saudi Arabia, has signaled it would not attend the panel meeting, regardless of its format, one of the sources told Reuters. Earlier today, reports suggested that the meeting would go ahead, but in a teleconference format because of the coronavirus […]