Mexico and others have seen the prices for their crude exports battered in recent weeks after the fallout from the new coronavirus eroded demand and major oil producers could not agree on how to respond.
“How can Russia and Saudi Arabia not come to an agreement in order to stop oil price declines that are further deepening the crisis?” Lopez Obrador asked. “Where is the responsibility towards humanity? Where is the universal brotherhood? Where are the so-called heads of state?”
Mexican Energy Minister Rocio Nahle had told Reuters on Friday that oil prices would not stay this low, and that the oil price crash did not merit a change in strategy.