Non-Opec Latin America cool towards Opec cut

摘要

Latin America’s non-Opec countries remain cool towards proposals to participate in Opec’s new production-cutting accord as they focus on attracting foreign investment, but any price upside will boost prospects for tapping the region’s higher-cost deepwater acreage. Across Latin America, governments are courting foreign oil companies as they scale back the role of state-run giants that were pummeled by the 2014 price collapse and are unlikely to recover their hegemony.