Mexico will not join the “OPEC +” plans … and opposes the Russian decision

0
12


Collection "OPEC +", Composed of members of OPEC and allies led by RussiaIn May, it agreed to reduce the supply by 9.7 million barrels per day in May and June to support prices.

Under the agreement, she pledged Mexico By reducing its 100,000 bpd production in May and June, it resisted pressure from other oil producers to cut 400,000 bpd.

The cuts were to be cut to 7.7 million bpd from July to December, however OPEC + On Saturday, they agreed to extend production cuts until the end of July.

On Friday, Mexican President Andres Manuel Lopez Obrador, who has pledged to increase his country’s oil production, said that Mexico was not in a position to make more cuts than it agreed in April.

Nali assured that Mexico will not participate in the new cuts agreed on Saturday.

She told reporters in eastern Mexicos Veracruz state "There are other countries that extended their cuts to July and in this case we said we will not adhere to the agreement that we signed in April.

Mexicos unwillingness to go along with other OPEC + countries in production cuts led to a row with Saudi Arabia in April, and an agreement was reached after Mexico said the United States would help compensate the difference.

“>

And she was “OPEC +” group, Composed of members of OPEC and allies led by RussiaIn May, it agreed to reduce the supply by 9.7 million barrels per day in May and June to support prices.

Under the agreement, she pledged Mexico By reducing its 100,000 bpd production in May and June, it resisted pressure from other oil producers to cut 400,000 bpd.

The cuts were to be cut to 7.7 million bpd from July to December, however OPEC + On Saturday, they agreed to extend production cuts until the end of July.

On Friday, Mexican President Andres Manuel Lopez Obrador, who has pledged to increase his country’s oil production, said that Mexico was not in a position to make more cuts than it agreed in April.

Nali assured that Mexico will not participate in the new cuts agreed on Saturday.

“There are other countries that extended their cuts to July,” she told reporters in eastern Mexicos Veracruz state. “In this case, we said we will not adhere to the agreement that we signed in April.”

Mexicos unwillingness to go along with other OPEC + countries in production cuts led to a row with Saudi Arabia in April, and an agreement was reached after Mexico said the United States would help compensate the difference.





LEAVE A REPLY

Please enter your comment!
Please enter your name here