OPEC+ has said the proposed cut of 10 million barrels per day tentatively agreed after marathon talks would only happen with Mexico’s nod. The country, which is hellbent on boosting production, reportedly balked at the idea.
The body of world oil producers called on its members to “contribute to the efforts aimed at stabilizing the oil market” on Thursday night after marathon negotiations earlier in the day, stating that the 10 million bpd cut is “conditional” on assent from Mexico City.
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