Comment on Deal to Save Oil Market From Coronavirus Falters After Mexico Refuses Agree to Big Production Cuts

Deal to Save Oil Market From Coronavirus Falters After Mexico Refuses Agree to Big Production Cuts

An agreement between Saudi Arabia and Russia for record oil-production cuts was endangered late on Thursday as Mexico refused to participate in the curbs and left the meeting without approving the deal. The impasse, which came after more than 9 hours of talks via video link, cast doubt over a global effort to revive the oil market from a debilitating coronavirus-induced slump.

 

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