Mexico Bails On OPEC+ Deal
Non-OPEC Mexico, which was the surprise holdout in the OPEC+ meeting in April, bailed out of the group’s one-month extension of the record production cuts. But Mexico’s share of the Continue Reading
US gas exports to Mexico rise, propelled by weather, reopening economy
rts to Mexico are up sharply this month amid signs of looming demand growth from warming temperatures, a reopening economy and from Fermaca’s delayed Wahalajara pipeline system. Receive daily email Continue Reading
Mexico’s President Is Betting Big Against Renewables
It sounds like a news report out of yet another dystopian novel: Mexico is halting grid connection for new solar and wind power projects. In a world rushing to produce Continue Reading
Oil price crash, Pemex junk bond rating rattles Lopez Obrador’s Mexican dream
He was the son of a petroleum worker in a nation that honors its oil company with an annual holiday. When Andrés Manuel López Obrador became president, he made it a Continue Reading
Mexico boosts fiscal aid to Pemex to weather crude price storm
Mexico’s Pemex will receive additional fiscal benefits from the government as part of a series of measures to bolster its finances during the oil price rout, the state-owned oil and Continue Reading
Pemex Pulls Staff From Offshore Oil Platforms Over Coronavirus
Mexico’s state-held oil firm Petroleos Mexicanos (Pemex) said on Sunday that it had started to reduce the number of oil workers at its offshore oil platforms to reduce the risk Continue Reading
5 Reasons Why Mexico’s Oil Industry Is Destined For Disaster
Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020 – just when it seemed that Russia, Saudi Arabia, the United States Continue Reading
Mexico’s Pemex Suspends Fuel Imports From U.S. As Demand Tanks
Mexico’s Pemex declared force majeure on fuel imports, which it receives from the United States, because of tanking demand, Reuters reported , citing two unnamed sources. Bloomberg quoted another unnamed Continue Reading
Pemex’s PMI Declares Force Majeure on Gasoline Imports
Mexico, the largest recipient of U.S. gasoline exports, is seeking to cancel imports of the fuel from at least one U.S. company amid the rippling effects of the coronavirus on Continue Reading
With Oil Hedged At $49, Mexico Saves $6.2 Billion As Prices Crash
As the oil price crash squeezes oil companies across the globe, Mexico’s Hacienda Hedge is set to deliver $6.2 billion to the Latin American country, Mexico’s President Manuel Lopez Obrador Continue Reading