Delegate: Mexico's position on OPEC+ deal unchanged. Saudi Arabia makes a statement as members take a break

OPEC+ asked Mexico to cut production by 400,000 BPD. They countered with 100,000 BPD

A delegate from the G20 energy ministers meeting is on the wires saying

  • Mexico's position on OPEC+ deal is unchanged.
  • Adds, some G20 EU members uncomfortable with draft statement
  • The G20 energy ministers are taking a brief break from the video call

In other headlines coming out of the meetings:

  • Saudi Arabia urges all the G 20 members, including Mexico and invited countries to take appropriate an extraordinary measures to stabilize market conditions based on the principles of fairness, equity, transparency, and inclusivity
  • We must act together with a shared sense of responsibility to address this unprecedented uncertainty engulfing the energy markets

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