Canada and the G20 countries agree on the need for oil price stability, but in a Friday meeting Canada did not promise any specific production cuts, Natural Resources Minister Seamus O'Regan said on Friday.
OTTAWA - Canada and the G20 countries agree on the need for oil price stability, but in a Friday meeting Canada did not promise any specific production cuts, Natural Resources Minister Seamus O’Regan said on Friday.
Top oil nations pushed to finalize a deal on sweeping oil cuts at G20 talks on Friday, in which O’Regan participated, to lift prices slammed by the coronavirus crisis, with Russia and Saudi Arabia taking the lion’s share and the United States showing unusual willingness to help out. “That’s news to me. I haven’t heard that figure before,” O’Regan told Reuters in a telephone interview. Referring to curtailment figures, he said: “The exchange of numbers will come at some point, but it did not in this G20.”
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