![FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/5AID4IXW2DZBZXN54C62T6CMZI.jpg?smart=true&auth=86ec26c96af9009339537a40e115fe6c25415dcd12d3d6e2b55037533753c4fa&width=400&height=225)
The next official meeting of Opec's joint ministerial monitoring committee is scheduled for July 15.. REUTERS
The next official meeting of Opec's joint ministerial monitoring committee is scheduled for July 15.. REUTERS
Opec agrees to cut 1.5 million barrels per day of oil to boost prices
Global oil demand growth in 2020 is now forecast to be 0.48mbpd, down from 1.1mbpd in December 2019