Mexico Holds the Line for January, but Warns that OPEC must Restore Discipline

The Mexican state oil company Pemex has announced that it will hold the line on both prices and production in January, but has coupled the announcement with a warning that unless OPEC manages to restore discipline within its ranks Mexico may be forced to take unilateral action to defend its interests.

A statement released by the Inter-Ministerial Oil Export Steering Committee in Mexico City on 22 December...