10 April 2020

G20 ministers talk amid impasse over oil output deal - France 24


G20 energy ministers will hold a virtual meeting Friday after an oil production cut agreement between OPEC and its allies to shore up prices hit an impasse, with Mexico rejecting the proposed curbs. Mexico declined to back the multilateral deal announced after marathon overnight talks to slash output in May and June by 10 million barrels per day and by eight million bpd for the rest of the year. The standoff has cast doubt on efforts to bolster oil prices, pushed to near two-decade lows by the [...]