Trump said Friday that Mexico will cut production and the US will “help Mexico along” by doing the same. In exchange, Mexico will repay the US, he said.
Trump said Mexico’s president Andrés Manuel López Obrador agreed in a Thursday phone call to cut production by 100,000 barrels a day. In exchange, the US will cut 250,000 barrels, he said.
Read more: https://nypost.com/2020/04/10/trump-say ... e=mail_app
MY TAKE: The U.S. oil production will go down a lot more than 250,000 BOPD in Q2.
OPEC+++ to cut production - April 11
OPEC+++ to cut production - April 11
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group