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Canada, G20 mum on cutting oil output; minister cites co-operation

From bnnbloomberg.ca

{video} Canada and its G20 partners won't yet be following OPEC nations by cutting production to stop spiralling oil prices caused by the COVID-19 crisis and a price war between Saudi Arabia and Russia, Canada's energy minister said Friday. But when Natural Resources Minister Seamus O'Regan emerged from his video conference with his fellow G20 energy ministers, he said they agreed on policies and the general principle that a stable global energy market is tied to everyone's security and prosperity. The G20 meeting came one day after the OPEC cartel and its partner countries agreed to measures to boost oil prices by ... (full story)

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