Trump says US will 'help Mexico along' with its OPEC+ production cuts.
The comments suggest that Trump could be considering an unprecedented effort to orchestrate a production cut in the United States, historically the world's most vocal proponent of the free market.
But efforts to conclude the deal had hit the barriers when Mexico refused to sign up to a 400,000-barrel-per-day cut in full. The comments suggest that Trump could be considering an unprecedented effort to orchestrate a production cut in the United States, historically the world's most vocal proponent of the free market.
The group of oil producers known as OPEC+, including Saudi Arabia and Russia, had hammered out the framework of a record oil cut on Thursday to lift oil prices slammed by the coronavirus crisis. But efforts to conclude the deal had hit the barriers when Mexico refused to sign up to a 400,000-barrel-per-day cut in full.
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