Saudi, others resist Mexican plan to make small oil output cuts – sources

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Apr 11, 2020 #Americas, #Asia / Pacific, #Central / Eastern Europe, #CIS Countries, #Commodities News (3rd Party), #communique, #Crude Oil, #Diplomacy / Foreign Policy, #Emerging Market Countries, #Energy (Legacy), #Energy Markets, #Europe, #G20, #General News, #GLOBAL, #Government / Politics, #Health / Medicine, #Infectious Diseases, #International Agencies / Treaty Groups, #Major News, #Mexico, #Middle East, #OIL, #Organization of the Petroleum Exporting Countries, #Russia, #Saudi Arabia, #South America / Central America, #united states, #US

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DUBAI (Reuters) – Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday.

One source said the dispute, which held up efforts to finalise the deal on oil cuts, was the reason energy ministers from the Group of 20 (G20) major economies delayed issuing a communique until several hours after their talks ended.

The communique that was eventually released made no direct mention of oil cuts, referring instead to a commitment to take “the necessary and immediate measures to ensure energy market stability.”

Reporting by Dmitry Zhdannikov and Rania El Gamal; Editing by Edmund Blair

Our Standards:The Thomson Reuters Trust Principles.

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