The agreement on the reduction of oil production was reached through the mediation of the United States. Previously to limit oil production has already agreed with other OPEC members+ Russia and Saudi Arabia.
Mexico, after initial hesitation, has acceded to the agreement of OPEC countries+ on the reduction of oil production to maintain world prices for this raw material. The consent of Mexico was obtained through the mediation of U.S. President Donald trump, said the President of Mexico, Andres Manuel Lopez Obrador on Friday, April 10, in Mexico city.
According to him, Mexico agreed to cut oil production at 100 thousand barrels per day. She refused to reduce the volume of 400 thousand barrels, citing the fact that she just recently had great difficulty in increasing oil production. For its part, the trump promised to reduce oil production in the U.S. another 250 thousand barrels per day, said Lopez Obrador.
OPEC members+ Russia and Saudi Arabia just before the result of many hours of negotiations agreed to cut oil production in may and June for 10 million barrels per day. It is about 10 percent of world oil production. For the conclusion of a final agreement OPEC countries+ lacked the consent of Mexico. It is unclear be satisfied if other OPEC States+ reduction of oil production volume, which offers Mexico.