However, there has not yet been agreement on the need to hold an OPEC+ meeting on production policy on Thursday, with the main obstacle being dealing with countries that have not made the necessary deep supply cuts under the existing pact, the sources said. As a result of the COVID-19 pandemic, plant production and transportation demand have fallen, which has also led to a decline in overall oil demand and lower oil prices.  On February 15, 2020, the International Energy Agency forecast that demand growth would fall to its lowest level since 2011, with growth of 325,000 barrels per day over the full year, to 825,000 barrels per day and a decrease in consumption of 435,000 barrels per day in the first quarter.  Although global demand for oil has declined, a drop in demand in Chinese markets, the largest since 2008, triggered an OPEC summit in Vienna on March 5, 2020. At the summit, OPEC agreed to further cut oil production by 1.5 million barrels per day by the second quarter of the year (an overall production cut of 3.6 million barrels per day compared to the original 2016 agreement), with the group due to review the policy on June 9 at its next meeting.  OPEC has asked Russia and other non-OPEC+ countries to comply with the OPEC decision.  On March 6, 2020, Russia rejected this request, marking the end of the unofficial partnership, with oil prices falling 10% after the announcement.   “Any agreement to extend the cuts is subject to the condition that countries that have not fully complied in May deepen their cuts in the coming months in order to compensate for their overproduction,” the source said. Later, on April 3, Saudi foreign and energy ministers issued statements criticizing Putin and accusing Russia of not participating in the OPEC+ deal.
 Global demand for fuel has declined by about 30 million barrels per day, or 30% of global supply, due to the grounding of aircraft, reduced vehicle use and reduced economic activity.