Mexico's government on Saturday restated its commitment to an April deal between oil producers in which the country pledged to make only limited reductions to crude output, suggesting it was not going along with plans to extend global cuts.
FILE PHOTO: Mexico's Energy Minister Rocio Nahle attends a news conference at the National Palace in Mexico City, Mexico, December 9, 2019. REUTERS/Edgard Garrido
Comprising OPEC members and allies led by Russia, the group known as OPEC+ agreed in April to cut supply by 9.7 million barrels per day in May and June to prop up prices.
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