Trump’s Oil Deal: The Inside Story of How a Price War Ended
- The OPEC+ agreement removes almost 10% of global production
- The U.S. president brokered deal with Mexico to unblock talks
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After a week-long marathon of calls between world leaders and video conferences featuring dozens of energy ministers, it was the moment the 2020 oil price war finally ended.
From Villahermosa, a city near Mexico’s largest crude terminal, Energy Minister Rocio Nahle raised her voice. “Your Royal Highness, Mexico has already agreed. And now I would like to ask you: ‘Do you agree with these terms?’”