The U.S. will cut oil production in coordination with Mexican oil reductions, in a bid to help the southern neighbour contribute to a global deal, President Donald Trump confirmed Friday.
In response to a reporter’s question, Trump confirmed a number floated earlier by Mexico, that the U.S. would cut by 250,000 barrels per day, with the president saying this has already happened, possibly referring to declining demand.
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“Yes. Which we’ve already done, by the way. We would agree to a reduction cut.
“They would agree to do something to compensate us in the future,” he said.
“Mexico is committing to do 100,000 fewer barrels,” Trump said, adding: “The United States will help Mexico along.”
“There is a glut of oil like nobody has ever seen before,” Trump said at a White House briefing.
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