President Donald Trump said the United States would cut oil production to assist Mexico in keeping a deal between OPEC and other oil-producing countries
President Donald Trump said the United States would cut its oil production to assist Mexico in keeping alive a deal between OPEC and other oil-producing countries to boost global oil prices.
An agreement reached on Thursday between Saudi Arabia and Russia to reduce oil production by millions of barrels per day appeared to stumble after Mexico declined to cut its own output by as much as 400,000 barrels per day.
Trump added picking up the difference between the OPEC request and Mexico's plan to cut 100,000 barrels per day was "a small amount for us and larger amount for Mexico, but it’s a very small amount for the United States.” “I was going to pick up the slack, and they would make it up to us at a later date,” he continued, saying the reimbursement “could be in a different form.”
Spokespeople for the White House did not reply to questions. A State Department official declined to comment.
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