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On April 12, negotiators are working to mediate a standoff between Mexico and Saudi Arabia regarding oil production after a tentative OPEC+ deal, which calls for a cut of 10 million barrels per day, was suggested to the oil producing countries. A compromise being offered to Mexico and Saudi Arabia is measuring exports rather than general output, allowing Mexico to keep producing on track but not exporting. 

Mexico And Saudi Arabia At Oil Standoff

On April 12, negotiators are working to mediate a standoff between Mexico and Saudi Arabia regarding oil production after a tentative OPEC+ deal, which calls for a cut of 10 million barrels per day, was suggested to the oil producing countries. A compromise being offered to Mexico and Saudi Arabia is measuring exports rather than general output, allowing Mexico to keep producing on track but not exporting. 

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