Mexico Bails On OPEC+ Deal

Non-OPEC Mexico, which was the surprise holdout in the OPEC+ meeting in April, bailed out of the group’s one-month extension of the record production cuts. But Mexico’s share of the overall 9.7 million bpd cut is negligible and it has already—inadvertently—over-complied with the cuts in May, so the fresh dissent wouldn’t matter much in the big picture of oil supply and demand in the coming months, IHS Markit said on Tuesday.   Mexico made quite an impact at the April meeting of the OPEC+ group, after disagreeing…