Mexico reached agreement with the OPEC+ and the United States to reduce oil production

Photo: depositphotos/carloscastilla

the President of Mexico, andrés Manuel lópez Obrador said that the decision to cut oil production in the country per 100 thousand barrels per day agreed with the American head of Donald trump. This Obrador said on Twitter.

“the United States promised to further cut production to 250 thousand barrels per day to help Mexico,” said Mexican President. He said that Mexico plans to start the production decline in may.

Earlier it was reported that Ministers of OPEC+ planned to complete talks on production cuts on Friday. They needed support from Mexico. When discussing the country did not agree with her proposed conditions.

Other OPEC countries+ was agreed to reduce the production of black gold. So, Saudi Arabia has insisted that the new deal without the participation of Mexico.

In March, it became known that Russia and Kazakhstan refused from the contract of OPEC+ in terms of reduction of production volumes. Because of this, in the oil industry there was a crisis.

as a result, this has led to a sharp decline in raw material prices and the consequent depreciation of the ruble against the dollar and the Euro.

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