Mexican Standoff Delays Big Oil Cut Deal

摘要

Mexico’s refusal to reduce its oil production in line with the massive 10 million barrel per day cuts proposed by the Opec-plus producer group has left the historic deal in limbo. Energy Intelligence sources confirmed that Mexico insisted on delivering just 100,000 b/d of the roughly 400,000 b/d in cuts required by the Opec-plus proposal, which amounted to a near-term reduction of 23% for all Opec-plus members.