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Amid falling global prices, US and Mexico agree to cut crude oil output

The OPEC nations have agreed to "a different limit reduction of about 23 per cent", said US President Donald Trump

oil, crude, petrol, gas
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Trump said he had proposed to 'help Mexico along' in order to allow Mexico to make less stringent reductions

BS Web TeamAgencies New Delhi
The United States and Mexico have decided to slash crude oil production to reduce global supply under an agreement among Oil and Petroleum Exporting Countries (Opec), US President Donald Trump said on Friday.

The Opec members and other oil-producing countries want to reduce oil production as the ongoing global health crisis in the wake of the coronavirus outbreak have heavily suppressed oil demand.

The Opec nations have agreed to "a different limit reduction of about 23 per cent", Trump said at his daily White House news conference on coronavirus.
 
During a virtual meeting of the Opec and non-Opec nations on

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