Mexico agreed to cut oil production at 100 thousand barrels per day

It is reported that Mexico will reduce oil production to 1.78 million barrels per day to 1.68 million barrels per day in may and June of this year.

Photo: REUTERS Negotiations of OPEC countries was postponed to April 10 due to Mexico

At the last OPEC meeting+ the country would be required to reduce production by 400 thousand barrels per day for the same period, but Nala did not agree with such a quota reduction of production to Mexico.

the OPEC meeting+ held via videoconference participants have agreed to cut oil production to 10 million barrels per day for two months, from may to the end of June this year. Quota reductions for all countries was 23 percent. The only country that disagreed with your share of the decline in production was Mexico, where the reduction deal has not been finalized.

Quotas to reduce production of Russia and Saudi Arabia are equal. They will be considered from the level of 11 million barrels per day for each country on 2.53 million barrels per day. They have more than 50 percent of the total production decrease. Also coarsely cut production will need to: Iraq – one million barrels a day, UAE – 0.7 million barrels per day, Nigeria is 0.45 million barrels per day.