Not really , Chinese demand had dropped sharply in late January due civoid shutdowns . The original production cut discussions were influenced by that significa

Not really , Chinese demand had dropped sharply in late January due civoid shutdowns . The original production cut discussions were influenced by that significantly. Saudi/Russia likely did not anticipate a global lockdown and decided to get into a price war to keep their absolute revenue numbers stable albeit by increasing production under reduced prices ,that has of course backfired spectacularly.