Covid-19 lockdown causes record fall in eurozone business activity – business live

Composite PMI data showed the Eurozone suffered its largest ever monthly drop in business activity in March, as the Covid-19 outbreak gained pace

11.17am BST

And in case you’d like a visual representation of what’s been going on between Moscow and Riyadh:

Global oil producers

11.13am BST

More on the oil price moves amid reports that Opec+ (the cartel led by Saudi Arabia and Russia) is set to hold a virtual meeting on Monday.

Here is the latest from our energy correspondent Jillian Ambrose:

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