Bloomberg News reported that OPEC, an oil export agency, and 'OPEC +', a solidarity of 10 major oil producing countries, discussed a reduction plan of 10 million barrels a day through emergency video conferences, but failed to reach an agreement due to Mexico's refusal to accept it. "With the lead of Saudi Arabia and Russia, a tentative agreement was reached on a reduction of 10 million barrels a day in May and June, but Mexico refused to participate and left the meeting," he said.

Because of this, the agreement was in crisis, but the news agency said OPEC + will hold a meeting tomorrow and continue to discuss the proposal.

In a statement issued after the video conference, OPEC + said, "The settlement of the agreement depends on Mexican consent."

The plan to cut 10 million barrels a day by OPEC + has reached a tentative agreement of Saudi Arabia and Russia by 2.5 million barrels a day, Iraq takes one million barrels, and United Arab Emirates 700,000 barrels.

In response, Mexico's Russian news agency Tass quoted multiple sources as saying it was opposed to the 400,000 barrels production cuts it would have to bear and to cut 100,000 barrels.

International oil prices ended due to a plunge even in the news of the deduction.

At the New York Mercantile Exchange, crude oil from West Texas for delivery in May closed at $ 22.76, down 9.3% per barrel.

In this regard, local media say that the demand for crude oil is expected to drop 30 million barrels a day by Corona 19, and that 10 million barrels is not enough to relieve the oversupply burden.