Sources cited.
Mexico could contribute as much as 150,000 barrels per day to non-OPEC oil cuts - OPEC source.
Russia has already said they would cut output by 300,000.
The non-OPEC members meet with OPEC members in Vienna tomorrow.
in other Mexican news Fitch downgrades outlook for Mexico to negative.
As per Fitch:
The revision in Mexico's Outlook reflects increased downside risks to the country's growth outlook and the challenges this could pose for stabilization of the public debt burden. Growth has been under-performing rating peers and the general government debt burden has been increasing steadily in recent years. The victory of Donald Trump in the U.S. presidential election has increased economic uncertainty and asset price volatility in Mexico as the President-elect has alluded to renegotiating or terminating the North American Free Trade Agreement (NAFTA) with Mexico and tightening immigration controls.
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