Mexico Offers To Mediate In Oil War

Mexico is ready to act as mediator between Saudi Arabia and Russia who turned from partners to opponents on Friday when Russia quit the OPEC+ production cuts. In response, Saudi Arabia announced it was cutting the prices of its oil and planning a production boost. “We along with some other countries are looking to be a type of third party to build bridges,” Mexico’s Finance Minister Arturo Herrera told media, as quoted by Reuters. Mexico has previous experience with OPEC-related mediation, Reuters recalls. Back in 1998, it brokered…