Friday, April 10, 2020 11:15:07 AM
The US will reduce 250 thousand barrels of oil for Mexico: AMLO
President Andrés Manuel López Obrador affirmed this Friday that Mexico will decrease its exports by 100,000 barrels of oil after an agreement with the US president, Donald Trump , who also promised that the United States will decrease its production, additionally, 250 thousand barrels of oil so as not to put pressure on Mexican finances .
In this way, the United States promised to offset the reduction in crude oil to which Mexico could not commit, the president explained.
An agreement was reached on a decrease of 100,000 barrels; The United States promises to reduce additionally, to what it was going to deliver, another 250 thousand barrels. This is already formal. Say: we are already there. ”
He explained that yesterday in the call he had with his American counterpart, President Trump began to read the names of all the countries that had accepted the agreement, with the exception of Mexico.
The approach when I told him that they were asking for 100,000 and that we couldn't do it anymore, he very generously, expressed to me that they were going to help us with the additional 250,000 to what they contributed. ”
López Obrador explained that Mexico argued this Thursday at the meeting with OPEC that it could not reduce crude production by about 23%, such as Saudi Arabia or Russia, because those countries produce about 12 million barrels per day on average , unlike of Mexico, which produces about 1,650,000 barrels per day .
"We held on until the end because it has taken a lot of effort to increase production, here we have talked about how for 14 consecutive years they dropped oil production in the country," said the president.
OPEC, Russia and other allies outlined plans to cut their oil production by more than a fifth on Thursday , saying they hoped.
All countries reached an agreement to cut 10 million barrels a day initially , starting in May, with the exception of Mexico, to avoid falling prices.
https://www.unotv.com/noticias/portal/nacional/detalle/amlo-acuerda-con-trump-reduccion-100-barriles-petroleo-042425//
HealthLynked Corp. Announces Third Quarter and Year-to-Date 2024 Results with Strategic Restructuring, Third-Party Debt Repayment, and Core Technology Focus • HLYK • Nov 15, 2024 8:00 AM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM
Unitronix Corp. Publishes Its Cryptocurrency Portfolio Strategy • UTRX • Nov 14, 2024 8:05 AM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM
Oohvie App Update Enhances Women's Health with Telemedicine and Online Scheduling • HLYK • Nov 11, 2024 8:00 AM