 "G20 ministers struggle to finalise oil output cuts despite Trump’s efforts")
Despite US President Donald Trump's mediation efforts to end a standoff with Mexico, the top oil producers have struggled to finalise the production cut during a virtual summit held by G-20 energy minister.
The final G20 communique appeared to gloss over simmering divisions over energy policy, making no mention of output cuts and pledging simply to ensure oil "market stability" amid the coronavirus pandemic.
Mexico was the lone holdout in a record OPEC-led agreement reached a day earlier that would see output slashed by 10 million barrels per day in May and June followed by a gradual reduction
The final G20 communique appeared to gloss over simmering divisions over energy policy, making no mention of output cuts and pledging simply to ensure oil "market stability" amid the coronavirus pandemic.
Mexico was the lone holdout in a record OPEC-led agreement reached a day earlier that would see output slashed by 10 million barrels per day in May and June followed by a gradual reduction
