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OPEC+ set for yet another day of talks to seal deal to cut output, as 10mn barrel oil curb hinges on Mexico's approval

1 month ago   |   By RT

OPEC+ has said the proposed cut of 10 million barrels per day tentatively agreed after marathon talks would only happen with Mexico's nod. The country, which is hellbent on boosting production, reportedly balked at the idea.
The body of world oil producers called on its members to “contribute to the efforts aimed at stabilizing the oil market” on Thursday night after marathon negotiations earlier in the day, stating that the 10 million bpd cut is “conditional” on assent from Mexico City.
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Mexico proposes 100,000 bpd oil output cut at OPEC meeting

Mexico proposes 100,000 bpd oil output cut at OPEC meeting

1 month ago   |   By Reuters

In a meeting with OPEC and its allies, Mexico proposed reducing its oil output by 100,000 barrels per day in the next two months, Energy Minister Rocio Nahle said on Thursday.
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