MOSCOW, March 12. /TASS/. The meeting of the OPEC+ Joint Technical Committee (JTC) scheduled for March 18 is canceled, a source in one of the delegations told TASS on Thursday.

"JTC meeting will not be held," the source said.

Saudi Arabia earlier refused to participate in the Committee’s meeting.

OPEC+ agreement participants failed to decide on further oil production cuts in view of the falling demand due to the coronavirus spread last week. All the limitations on oil production will be lifted from April 1.