Video Duration 05 minutes 16 seconds

Oil price war: Analysts expect prices to drop further

Coronavirus pandemic continues to crush demand amid price war between Russia and Saudi Arabia.

Top energy officials in the US and Russia will meet to tackle an historic collapse in global oil markets.

The meeting comes after a dispute over output levels earlier this month sparked a price war between Russia and Saudi Arabia.

Prices have plunged even further due to the coronavirus pandemic and analysts say there is little prospect of a recovery any time soon.

 

Al Jazeera’s Osama bin Javaid reports.