Photo: Leonhard Foeger / Reuters
The negotiators OPEC+ reduction of oil production moved the discussion on Friday, April 10. It is reported Bloomberg.
After nine hours of talks, the countries failed to reach a final agreement because of the position of Mexico. Thus, according to interlocutors of Agency, the negotiators agreed that in may and June production will be reduced by 10 million barrels a day from 1 July to 8 million barrels, as of 1 January of the following year and until April 2022 and 6 million barrels.
Such conditions are acceptable to all participants in the negotiations, except Mexico. The country has opposed the reduction of its own production by 400 thousand barrels per day. Attempts to convince the Mexican energy Minister Nala Rocio Garcia were unsuccessful.
The interlocutor of RIA Novosti, in turn, noted that the parties expect that Mexico will still accept the agreement. According to him, the negotiations with this country can continue within the G20. It is allowed and a variant in which Mexico refuses the resumption of the debate.
The need to conclude a new agreement on oil production emerged after the previous deal, which expires in April, fell on March 6 and was not renewed. Failure of previous negotiations provoked a sharp drop in global oil prices and the ruble exchange rate.
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