Mexico to Benefit from Oil Output Cut: Antonio Meade Roberto Aguilar - Reuters
go to original November 30, 2016

Mexico Focused on Economic Areas It Can Control: Meade (Bloomberg)

Mexican Finance Minister Jose Antonio Meade said on Wednesday that any crude production cut by OPEC would be positive for Mexico's finances and the health of state oil company Pemex after an agreement by producers to curb output.

"It was becoming clear that there could be an accord, I'm not sure that it was reached, I don't know the details, but if it is the case then it's good news (for Pemex and Mexico's finances)," Meade told reporters at an event in Mexico City.

Earlier, OPEC agreed its first limit on oil output since 2008 after Saudi Arabia said it was prepared to accept "a big hit" on production and agree to arch-rival Iran freezing output at pre-sanctions levels.

Mexico is not an OPEC member.

See the original at Reuters

Related: Mexico's Reign Dismantled as It Welcomes Oil Giants (World Oil)

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