Mexico throws OPEC’s oil production cuts in doubts

Mexico throws OPEC’s oil production cuts in doubts

The oil producing alliance which is popularly known as OPEC met over a video conference meeting which proposed for a 10mn barrels per day cut in oil production. The deal agreed between OPEC & Non OPEC members was supported by everyone except for Mexico. This means the cuts, which amount to roughly 10% of global supply, will not take place unless the broader alliance consent is received.

Milan
Milan
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