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The context is important. Right now, Mexico doesn't want to join OPEC+ production cuts because of their hedges (long puts).
by raincom 7y ago
The context is important. Right now, Mexico doesn't want to join OPEC+ production cuts because of their hedges (long puts).
- armanini_io 7y agoExactly https://www.bloomberg.com/news/articles/2020-04-11/the-secret-weapon-that-gives-mexico-power-in-the-oil-price-war https://www.bloomberg.com/news/articles/2020-04-11/the-secre...
- londons_explore 7y agoBut presumably whoever is on the other side of those hedges does want production cuts, and might be prepared to pay mexico to do so?