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Mexico delays oil output deal reached by OPEC+ – Kuwait oil minister

Mexico delays oil output deal reached by OPEC+ – Kuwait oil minister

FILE PHOTO: Kuwait’s Oil Minister Khaled Ali Al-Fadhel arrives at the OPEC headquarters in Vienna, Austria December 6, 2019. REUTERS/Leonhard Foeger CAIRO (Reuters) – Kuwait’s oil minister, Khaled al-Fadhel, said Mexico has delayed the agreement reached by OPEC+ to cut oil output by 10 million barrels per day (BPD) which was agreed in a meeting

FILE PHOTO: Kuwait’s Oil Minister Khaled Ali Al-Fadhel arrives at the OPEC headquarters in Vienna, Austria December 6, 2019. REUTERS/Leonhard Foeger

CAIRO (Reuters) – Kuwait’s oil minister, Khaled al-Fadhel, said Mexico has delayed the agreement reached by OPEC+ to cut oil output by 10 million barrels per day (BPD) which was agreed in a meeting held on Thursday.

“Kuwait held marathon talks in the past days … to create a state of consensus among the member states in the hope of rebalancing oil markets,” al-Fadhel said early Friday in a post on Twitter.

Reporting by Samar Hassan; Editing by Himani Sarkar

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