10 April 2020

Mexican standoff imperils proposed 10M-barrel OPEC+ oil cut


DUBAI , United Arab Emirates (AP) — A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico’s agreement.A marathon videoconference call between OPEC and other producers lasted until early Friday morning, when it apparently devolved into a Mexican standoff. The cartel, Kuwait and Saudi Arabia say Mexico’s [...]