Mexico says US agreed to make extra 250,000 bpd in oil cuts

The United States agreed on Thursday to make 250,000 barrels per day in additional cuts to oil output to help Mexico make its contribution to global reductions, Mexican President Andres Manuel Lopez Obrador said on Friday.

Speaking at a news conference, Lopez Obrador said U.S. President Donald Trump had spoken to him on Thursday before Mexico said it would cut output by 100,000 barrels per day - less than oil producers had initially wanted it to.

"President Trump said the United States committed to reducing by 250,000 (barrels), on top of what it was going to do, for Mexico, in order to compensate," he said.