Saudi Arabia will host an extraordinary meeting by video conference on Friday for energy ministers from the Group of 20 major economies “to ensure energy market stability.”

The call is scheduled for 12:00-14:20 GMT on Friday and will follow a virtual meeting on Thursday for OPEC, Russia and other oil producers to discuss cutting output.

The producers are likely to agree to cut output on Thursday but only if the United States joins the effort, three OPEC+ sources stated.