Mexico to benefit from oil output cut

Finance Minister Jose Antonio Meade said on Wednesday that any crude production cut by OPEC would be positive for Mexico's finances and the health of state oil company Pemex after an agreement by producers to curb output.

"It was becoming clear that there could be an accord, I'm not sure that it was reached, I don't know the details, but if it is the case then it's good news (for Pemex and Mexico's finances)," Meade told reporters at an event in Mexico City.

Source: Reuters