The Organization of the Petroleum Exporting Countries (OPEC) has not yet decided whether to extend its agreement to cut oil production, said Saudi Arabian Energy Minister Prince Abdulaziz bin Salman Al Saud.

OPEC and its allies, led by Russia, will meet in Vienna next week to assess the impact of global cuts and production policy. Prince Abdulaziz bin Salman Al Saud told reporters in Riyadh his confidence in OPEC’s partnership with other manufacturers, including Russia.

“We communicate with each other at every opportunity”, he said. “The Secretary-General of OPEC attended this conference and we just talked. We have no ideas”, added the Saudi Energy Minister.

Global oil demand will decline within this quarter for the first time in more than a decade, as the coronavirus outbreak manages to weaken the Chinese economy, creating a significant surplus in supplies, the International Energy Agency (IEA) has warned. Russia has not yet signaled that it will support the coalition’s proposal, known as OPEC+, for deeper production cuts of 600,000 barrels per day.

Russian Energy Minister Alexander Novak is “positively committed” to Saudi Arabia and other suppliers, according to Prince Abdulaziz bin Salman Al Saud.

OPEC Secretary-General Mohammed Barkindo shared an opinion during a press conference in Riyadh that the thirst for global energy will continue to increase despite the coronavirus.