Mexico’s Mega Oil Hedge Cost “Around” $1 Billion
The largest oil hedge in the world cost Mexico “ around $1 billion ” for 2020, Mexico’s Finance Minister Arturo Herrera said on Thursday, according to Reuters. Herrera had said Continue Reading
Mexico’s major oil find could strangle foreign investment for years: analyst
Pemex’s massive new oil discovery at the Quesqui field might paradoxically prove to be the worst news of 2019 for Mexico’s energy sector, as it will be used to justify Continue Reading
Mexico’s demand for US natural gas poised for growth, but risks remain
US gas exports to Mexico could see significant upside in 2020, thanks to recent infrastructure upgrades and growing, latent demand south of the border. Any potential growth in southbound volumes, Continue Reading
The Finance 202: USMCA isn’t expected to have a big impact on the economy
President Trump is on track to secure a political victory by forging a breakthrough with congressional Democrats to update the North American trade pact. But in a sign the agreement Continue Reading
Pemex reserve discovery boosts Mexico’s oil ambitions
Quesqui field holds estimated 500 million barrel 3P reserve Crude production forecast to reach 110,000 b/d by 2021 Denver — Pemex’s largest hydrocarbon reserve discovery in 30 years is boosting Continue Reading
Mexico private fuel imports likely to grow in 2020
Mexico private imports at 27.78% of total share Increased Pemex production not enough to meet demand Private imports to grow along with storage in 2020 Houston — Growing infrastructure investments Continue Reading
Exclusive: Oil companies swap stakes in Mexico as government holds off on auctions
With Mexico’s government insisting that energy companies increase oil and gas output before it auctions off more of the country’s vast reserves or offers more partnerships with state-run Pemex, firms Continue Reading
Tourism Is Forcing Mexico To Build Another Natural Gas Pipeline
Mexico plans to shortly launch a tender for the construction of a natural gas pipeline between the Tuxpan port on the eastern coast to Cancun and Merida on the Yucatan Continue Reading
Pemex Is Still Suffering From Cyberattack Fallout
The communications system of Mexico’s oil giant Pemex is still suffering the lingering effects of a cyberattack that occurred earlier this month, sources from the company told Bloomberg. A ransomware Continue Reading
The Billion Dollar Bet On An Oil Price Crash
Mexico’s oil hedgers, one of the world’s most-active sovereign oil-trading desk, has spent nearly $1 billion on options contracts to protect the government’s revenues from oil sales for 2020 against Continue Reading