# Mexico agrees to continue output cut in line with OPEC - BNamericas

> Mexico agreed to continue adjusting its oil output in line with OPEC's decision to maintain cuts for six more months. Mexico is one of ten non-OPEC countries in the agreement, which will be reviewed in June 2018.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/67412-mexico-agrees-to-continue-output-cut-in-line-with-opec-bnamericas
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Mexico's continued cuts add to the supply restraint that supports crude prices, which matters for energy and input costs in the region.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-01-04 | [Oil prices jump as Opec+ agrees to continue output increase in February \| The National](https://feedsoft.ai/events/43063-oil-prices-jump-as-opec-agrees-to-continue-output-increase-in-february-the.md) | +2.8% | +16.0% |
| WTI | 2022-10-01 | [Oil up nearly 3% as OPEC+ agrees to small oil output cut](https://feedsoft.ai/events/39515-oil-up-nearly-3-as-opec-agrees-to-small-oil-output-cut.md) | +16.5% | +10.2% |
| WTI | 2022-04-01 | [OPEC+ Resolves to Continue with Gradual 400,000 bpd Oil Output Hikes – Arise News](https://feedsoft.ai/events/41756-opec-resolves-to-continue-with-gradual-400-000-bpd-oil-output-hikes-arise-news.md) | -4.4% | +4.2% |
| WTI | 2019-12-05 | [OPEC, allies agree to deepen oil output cuts](https://feedsoft.ai/events/55490-opec-allies-agree-to-deepen-oil-output-cuts.md) | +0.5% | +4.7% |
| WTI | 2019-02-07 | [MEED \| Opec+ agrees to extend oil output cuts till March 2020](https://feedsoft.ai/events/60521-meed-opec-agrees-to-extend-oil-output-cuts-till-march-2020.md) | -0.2% | +4.2% |
| BRENT | 2022-01-04 | [Oil prices jump as Opec+ agrees to continue output increase in February \| The National](https://feedsoft.ai/events/43063-oil-prices-jump-as-opec-agrees-to-continue-output-increase-in-february-the.md) | +3.3% | +16.7% |
| BRENT | 2022-10-01 | [Oil up nearly 3% as OPEC+ agrees to small oil output cut](https://feedsoft.ai/events/39515-oil-up-nearly-3-as-opec-agrees-to-small-oil-output-cut.md) | +11.3% | +7.7% |
| BRENT | 2022-04-01 | [OPEC+ Resolves to Continue with Gradual 400,000 bpd Oil Output Hikes – Arise News](https://feedsoft.ai/events/41756-opec-resolves-to-continue-with-gradual-400-000-bpd-oil-output-hikes-arise-news.md) | -6.9% | +1.2% |

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/mexico-agrees-to-continue-output-cut-in-line-with-opec

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.