OPEC countries adhere to production cuts

The 10 Organisation of the Petroleum Exporting Countries (OPEC) members are getting closer to reaching their production reduction goals, dropping output in January to an average of 32.03 million barrels per day.
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BHP inks oil deal with Pemex Mexico

BHP Billiton has signed a contract with Pemex Exploration & Production Mexico to finish work on the Trion discovery in the deepwater Gulf of Mexico.
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