U.S. Presses Saudis as Negotiators Wrestle Over Oil Deal
- OPEC+ alliance is seeking curbs of 10 million barrels a day
- Mexico is still refusing to sign up to the global agreement
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The U.S. stepped up pressure on Saudi Arabia to seal a historic deal to cut oil production as negotiations that President Donald Trump himself has brokered dragged on for a third day.
Talks aimed at ending a price war that’s savaging the U.S. oil industry and threatening petrostates’ budgets continued Saturday as Mexico and Saudi Arabia refused to budge. In an attempt to move negotiations along, a group of Republican senators from oil-drilling states such as Texas spoke to the Saudi oil minister by conference call.