VOICED : Los productores de petroleo, salvo Mexico, acuerdan bajar la oferta

VOICED : Los productores de petroleo, salvo Mexico, acuerdan bajar la oferta

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Interactive Video

Business, Social Studies

9th - 12th Grade

Hard

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The transcript discusses a global agreement among oil producers, led by OPEC, to reduce oil production by 10 million barrels per day in response to the COVID-19 pandemic's impact on demand. While Saudi Arabia and Russia spearheaded the initiative, the U.S. could not participate directly due to antitrust laws, though President Trump supported the agreement. Mexico, not an OPEC member, opposed the proposed cuts, suggesting a smaller reduction. The pandemic has significantly decreased oil demand, causing prices to plummet to levels not seen since 2002.

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