Mexico Reduces U.S. Gasoline Imports
Seaborne gasoline imports from the U.S. Gulf Coast have averaged about 350,000 barrels a day under Mr. López Obrador, a 28% decline from December 2017 and January 2018, according to Continue Reading
Fuel pipeline connecting Mexico City and Tuxpan shut for a third night after illegal tapping: Lopez Obrador
Pemex’s 173,000 b/d Tuxpan-Poza Rica-Azcapotzalco gasoline and diesel pipeline was shut Thursday night again after a new leak was found after being restarted earlier that day, President Andres Manuel Lopez Continue Reading
Mexico hedges 2019 oil at $55 per barrel, spends $1.2 billion on options
Mexico completed its 2019 oil hedge, the world’s largest sovereign derivatives trade, at an average of $55 per barrel, placing the equivalent of $1.23 billion in put options, the finance Continue Reading
Mexico’s clampdown on fuel theft sparks backlash
With huge queues at fuel stations and panicked customers lining up with jerry cans, Mexico’s new leftwing president Andrés Manuel López Obrador has upset the public as he wages the Continue Reading
Falling Mexican fuel production adds to ongoing shortages
Key Mexican oil refineries are shut down, Mexico’s president said on Thursday, as the government’s drive to stamp out gasoline theft from pipelines is pressuring the distribution of supplies from Continue Reading
Mexican fuel shortage worries industry as lines grow in capital
Gasoline shortages in Mexico sparked by a government crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the problem persists, while lines at Continue Reading
Gas stations in Mexico run out of gas as government cracks down on fuel theft
One of the world’s biggest oil producers is facing a man-made crisis: Its gas stations are running out of gas. There are mile-long lines at filling stations across central Mexico. Continue Reading
Mexico fuel theft curtailed, secret ‘hose’ found in refinery: Obrador
Mexican President Andres Manuel Lopez Obrador said on Tuesday a military-assisted crackdown had dramatically reduced fuel theft and uncovered a secret pipe that was used to siphon gasoline out of Continue Reading
Mexico offensive against fuel theft leaves motorists stranded
An offensive by Mexico’s new government against fuel theft at one of the country’s main refineries has led to days of shortages at gas stations in several central states, as Continue Reading
Mexican Army Starts Major Crackdown On Fuel Theft
Mexico’s military have taken control over 58 key fuel installations in the country, including refineries, upon orders by new President Andres Manuel Lopez Obrador, who has vowed to fight corruption Continue Reading