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by raincom 2252 days ago
The context is important. Right now, Mexico doesn't want to join OPEC+ production cuts because of their hedges (long puts).
2 comments
armanini_io 2252 days ago
Exactly https://www.bloomberg.com/news/articles/2020-04-11/the-secre...
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londons_explore 2252 days ago
But presumably whoever is on the other side of those hedges does want production cuts, and might be prepared to pay mexico to do so?
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