The context is important. Right now, Mexico doesn't want to join OPEC+ productio... | Hacker News

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		raincom on April 12, 2020 \| parent \| context \| favorite \| on: Wall Street’s Largest Oil Trade (2017) The context is important. Right now, Mexico doesn't want to join OPEC+ production cuts because of their hedges (long puts).

armanini_io on April 12, 2020 | [–]

Exactly https://www.bloomberg.com/news/articles/2020-04-11/the-secre...

londons_explore on April 12, 2020 | [–]

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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