Mexico has plans to boost crude oil production Agreement must be unanimously approved, Saudis say Trump in call with King Salman, Putin on oil cut deal The OPEC+ alliance’s 10 million b/d production cut accord hung in the balance late Thursday, with Mexico’s last-minute cold feet prompting Saudi Arabia to threaten a withdrawal and a reigniting of its oil price war, according to sources involved in the talks. Eight and a half hours of talks had yet to clinch what would be the largest coordinated cut in history, with OPEC+ members under political and financial pressure to try and stem a bruising rout in oil prices caused by the coronavirus pandemic. Under the proposed deal, the OPEC+ cuts of 10 million b/d would cover the months of May and June, and then be rolled back to […]