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Saudis not okay with Mexico’s oil cuts

Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday.

One source said the dispute, which held up efforts to finalise the deal on oil cuts, was the reason energy ministers from the Group of 20 (G20) major economies delayed issuing a communique until several hours after their talks ended.

The communique that was eventually released made no direct mention of oil cuts, referring instead to a commitment to take “the necessary and immediate measures to ensure energy market stability.”

Source: Reuters

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