Trump approaches to help the United States and Mexico agree to jointly cut 350,000 barrels of crude oil-news-radio central Rti

On day 9, Mexico rejected the production reduction required by the Organization of the Petroleum Exporting Countries (OPEC), which made the production reduction agreement fear the change. Mexican President Andrés Manuel López Obrador said on 10 that the United States agreed to expand production cuts to make up for Mexico’s deficit, and the two countries will cut production by 350,000 barrels of oil per day.

OPEC member countries and Russia-led non-oil-producing allies held a meeting on the 9th to discuss whether to jointly cut production to increase the price of oil sunk by the impact of the 2019 coronavirus disease epidemic (COVID -19) commonly known as Wuhan’s pneumonia.

Under the final agreement between the parties, Mexico, which is not OPEC, should allocate 400,000 barrels of oil per day. But Mexico refused to sign an agreement at the last minute, insisting that it would only reduce production by 100,000 barrels per day.

However, Mexican President López Obrador said on the 10th that US President Trump contacted him on the 9th and expressed his willingness to help Mexico compensate for insufficient production cuts.

López Obrador said at a press conference: “President Trump said that to help Mexico, the United States will increase its own expected production reduction by 250,000 barrels.” In addition to the production reduction quota agreed by Mexico, the total of the two parts will be global. Crude oil production contributed 350,000 barrels.