Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Monday January 18 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Mexico restates commitment to April accord after OPEC+ talks

7 June 2020 11:32 (UTC+04:00)
1 533

By Trend

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, Trend reports citing Reuters.

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 (bpd) in May and June to prop up prices.

Under that deal, Mexico pledged to reduce its crude output by 100,000 bpd in May and June, resisting pressure from other oil producers to make cuts of 400,000 bpd.

The cuts had been due to taper to 7.7 million bpd from July to December, but on Saturday, OPEC+ agreed to extend the production cuts until the end of July.

Mexican President Andres Manuel Lopez Obrador, who has vowed to ramp up the country’s crude oil production, said on Friday that Mexico was not in a position to make additional cuts on top of what it had agreed in April.

Writing on Twitter, Energy Minister Rocio Nahle said the OPEC+ talks had concluded well on Saturday.

“The Mexican government remains willing to engage in dialogue and restates its position regarding the agreement signed in April,” Nahle said on Twitter.

---

Follow us on Twitter @AzerNewsAz  

  • #OPEC+
  • #MEXICO

Related News

OPEC+ ministers to continue talks on Tuesday evening for lack of consensus

OPEC+ ministers to continue talks on Tuesday evening for lack of consensus

5 January 11:46
OPEC+ monitoring committee issues no production recommendations for February - sources

OPEC+ monitoring committee issues no production recommendations for February - sources

5 January 10:38
Bilateral Trade Mexico-Azerbaijan in January-October 2020

Bilateral Trade Mexico-Azerbaijan in January-October 2020

22 December 2020 16:13
Ambassador of Mexico meets with Azerbaijani Ombudsman

Ambassador of Mexico meets with Azerbaijani Ombudsman

16 December 2020 17:48
OPEC+ supports 0.5 mln bpd output growth since January, monthly meetings

OPEC+ supports 0.5 mln bpd output growth since January, monthly meetings

4 December 2020 14:33
OPEC+ resumes talks on 2021 oil policy amid disagreements

OPEC+ resumes talks on 2021 oil policy amid disagreements

3 December 2020 11:35
Culture Ministry, UNAOC expand ties <span class="color_red">[PHOTO]</span>

Culture Ministry, UNAOC expand ties [PHOTO]

2 December 2020 10:20
Ambassador of Mexico meets with Azerbaijani Acting Minister of Culture

Ambassador of Mexico meets with Azerbaijani Acting Minister of Culture

27 November 2020 18:07
Ambassador of Mexico met with Executive Director of SOFAZ

Ambassador of Mexico met with Executive Director of SOFAZ

21 October 2020 18:45
OPEC+ countries agree to honor commitments in full scope

OPEC+ countries agree to honor commitments in full scope

20 October 2020 12:21
  • Latest
  • Popular
19:42 • Azerbaijan to be one of first countries to see COVID-19 pandemic's end - agency's chairman
19:27 • Armenian side didn't provide lists of prisoners of war immediately and completely - Lavrov
19:15 • Trilateral Statement on Karabakh has no secret clauses - Russian FM
19:00 • COVID-19 vaccination may stabilize Azerbaijan's economy
18:37 • Azerbaijan's state agency talks current status of road construction to post-war Shusha [PHOTO]
18:24 • Total passenger traffic by buses in Azerbaijan for 2020 disclosed
18:10 • Vaccine from COVID-19 used in Azerbaijan - most safe and effective - health minister [PHOTO]
18:03 • Snow expected on Tuesday
18:00 • Azerbaijani Finance Ministry to auction mid-term bonds
17:50 • Azerbaijan shows footage from Merdinli village of Fuzuli district [VIDEO]
17:42 • Azerbaijani Ministry of Economy talks tax revenues to state budget for 2020
17:35 • President Aliyev: Growth in non-oil industry created new reality for Azerbaijan [UPDATE]
17:34 • Weekly review of Azerbaijani oil prices
17:34 • Preparatory work under completion in Azerbaijan’s Alley of Martyrs [PHOTO]
17:28 • Azerbaijan starts COVID-19 vaccination [PHOTO]
17:18 • Israel can contribute to reconstruction process in Azerbaijan's Karabakh - Azerbaijani MP
17:00 • Patriotic song contest announced in country
16:50 • Azerbaijan, Turkish postal operators ink cooperation deal [PHOTO]
16:43 • Prospects of Nakhchivan corridor - new dev't stage in post-blockade period -Azerbaijani MP
16:35 • Opera Theater pays tribute to Black January martyrs
15:59 • Baku gets ready to build Patriotic War Memorial Complex [PHOTO/VIDEO]
12:15 • Azerbaijan sends interstate statement against Armenia to European Court of Human Rights
12:58 • National History Museum to host patriotic exhibition
14:17 • Azerbaijan shares data on foreign companies engaged in illegal activities in formerly occupied territories
10:56 • Azerbaijan, Turkey to hold joint drills in Kars
11:17 • Carpet Museum displays works of eminent artist [PHOTO/VIDEO]
14:00 • Turkic Council, TURKSOY officials visit liberated Aghdam, Fuzuli regions
10:36 • Azerbaijan, UK eye cooperation in mining industry
15:17 • Azerbaijan discloses oil price per barrel
13:17 • Baku Book Center announces new contest [PHOTO]
16:50 • Azerbaijan, Turkish postal operators ink cooperation deal [PHOTO]
16:35 • Opera Theater pays tribute to Black January martyrs
14:35 • Restoration of transport communications in S.Caucasus - major infrastructure construction project - Russian expert
15:28 • Azerbaijan leader in South Caucasus for military power index
10:20 • Netflix produces film in Azerbaijan [VIDEO]
11:32 • Azerbaijan’s electricity production hit 25.8bn kWh in 2020
13:55 • Hungary, Iran eye participation in restoring Azerbaijan’s liberated lands
13:40 • Azerbaijan boosts production in non oil, gas sector in 2020
10:00 • National wrestler wins Grand Prix in France
11:54 • National gymnasts awarded title of "Honorary Master of Sports"
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved