OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices wrought during the coronavirus pandemic have been complicated by mutual animosity and the reluctance of the United States to join the action.Global fuel demand has plunged as much as 30% as lockdowns have grounded aircraft, reduced vehicle usage and curbed economic activity. Crude prices have slumped below the cost of production for many producers, including the booming U.S. shale oil industry.


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