{"id":3733,"date":"2021-04-27T13:42:33","date_gmt":"2021-04-27T19:42:33","guid":{"rendered":"http:\/\/accesstomexico.mx\/blog\/?p=3733"},"modified":"2021-04-29T13:47:28","modified_gmt":"2021-04-29T19:47:28","slug":"mexico-claims-compliance-with-opec-deal-update","status":"publish","type":"post","link":"https:\/\/accesstomexico.mx\/blog\/mexico-claims-compliance-with-opec-deal-update\/","title":{"rendered":"Mexico claims compliance with Opec+ deal: Update."},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"715\" height=\"290\" src=\"https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2021\/04\/ENERGY-ING-1-2.jpg\" alt=\"\" class=\"wp-image-3734\" srcset=\"https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2021\/04\/ENERGY-ING-1-2.jpg 715w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2021\/04\/ENERGY-ING-1-2-300x122.jpg 300w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2021\/04\/ENERGY-ING-1-2-700x284.jpg 700w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2021\/04\/ENERGY-ING-1-2-520x211.jpg 520w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2021\/04\/ENERGY-ING-1-2-360x146.jpg 360w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2021\/04\/ENERGY-ING-1-2-250x101.jpg 250w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2021\/04\/ENERGY-ING-1-2-100x41.jpg 100w\" sizes=\"auto, (max-width: 715px) 100vw, 715px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.argusmedia.com\/en\/news\/2209629-mexico-claims-compliance-with-opec-deal-update?backToResults=true\" target=\"_blank\" rel=\"noreferrer noopener\">ARGUS<\/a><\/p>\n\n\n\n<p>Mexico claims it is &#8220;complying&#8221; with its Opec+ commitments, despite not participating actively in the group&#8217;s crude output restraint deal since June last year.<\/p>\n\n\n\n<p>&#8220;We are complying with the agreement and are slightly below our target of 1.65mn b\/d which gives us a certain amount of flexibility to continue working,&#8221; energy minister Rocio Nahle said today.<\/p>\n\n\n\n<p>Mexico no longer formally contributes to Opec+ production cuts. In April 2020, it resisted calls to reduce its output by up to 400,000 b\/d from an October 2018 baseline of 1.75mn b\/d. The group allowed Mexico to cut production by just 100,000 b\/d in May-June 2020 in order to push the deal through. And it has not required Mexico to cut from its baseline since then.<\/p>\n\n\n\n<p>Financial and operational restrictions alongside a series of weather events and accidents in the second half of last year have limited state-owned Pemex&#8217;s ability to increase output. The company produced 1.64mn b\/d in March, compared to 1.7mn b\/d in March last year.<\/p>\n\n\n\n<p>Nahle&#8217;s comments came ahead of a&nbsp;meeting today&nbsp;of members of the Opec+ Joint Ministerial Monitoring Committee (JMMC), which monitors compliance. The committee recommended sticking with a previously agreed plan to gradually increase production from next month. Remaining Opec+ members were contacted to give their consent to the decision, in a move that effectively saw the JMMC meeting morph into a full-blown Opec+ ministerial meeting.<\/p>\n\n\n\n<p>The group had decided against holding a full ministerial meeting tomorrow as originally planned. The next Opec+ meeting will now take place on 1 June.<\/p>\n\n\n\n<p><strong>Rebecca Connan. (2021). Mexico claims compliance with Opec+ deal: Update. USA.&nbsp;<em>ARGUS<\/em>. Recuperado de&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.argusmedia.com\/en\/news\/2209629-mexico-claims-compliance-with-opec-deal-update?backToResults=true\">https:\/\/www.argusmedia.com\/en\/news\/2209629-mexico-claims-compliance-with-opec-deal-update?backToResults=true<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARGUS Mexico claims it is &#8220;complying&#8221; with its Opec+ commitments, despite not participating actively in the group&#8217;s crude output restraint deal since June last year. &#8220;We are complying with the agreement and are slightly below our target of 1.65mn b\/d [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3733","post","type-post","status-publish","format-standard","hentry","category-uncategorized","clearfix"],"_links":{"self":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/comments?post=3733"}],"version-history":[{"count":1,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3733\/revisions"}],"predecessor-version":[{"id":3735,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3733\/revisions\/3735"}],"wp:attachment":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/media?parent=3733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/categories?post=3733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/tags?post=3733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}