Mexico Said to Lock In $60-$65 in Annual Oil Hedge
Mexico is in the process of locking in its income from next year’s oil production, people familiar with the matter said, in what’s one of the most closely watched deals Continue Reading
Mexico’s Government Is Suffocating Its Energy Sector
Mexico’s nationalization drive has done little good for its already struggling energy industry President Lopez Obrador’s latest constitutional reform to transform electricity markets could diminish private investment Mexico, once a Continue Reading
Operations at Mexican oil refinery resumed this week
Operations at Mexican national oil company Pemex’s Tula refinery resumed two days ago after a three-week closure due to rail and road blockades by protesting teachers, a company source with Continue Reading
Mexico postpones low sulfur diesel rule until 2025, ministry says
Mexico on Friday delayed for three years a rule mandating that new trucks and buses use low-sulfur diesel, arguing the fuel is not currently available everywhere in the country, according Continue Reading
Major Mexican Refinery Has Been Shut For Weeks And The Media Only Just Found Out
One of Mexico’s largest oil refineries has been shuttered for weeks—only we are just now finding out about it. And oil products are now building up at the site. Mexico’s Continue Reading
EXCLUSIVE Mexico’s second largest oil refinery halted, stocks piling up -sources
Mexico’s second-largest refinery remains halted since late September due to protests by teachers that are blocking roads used by state-run Petroleos Mexicanos(Pemex) to transport the facility’s output for domestic consumption Continue Reading
Mexico Lowers Pemex Oil Output Forecast After Platform Woes
Mexico cut its forecast for oil production at Petroleos Mexicanos next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state Continue Reading
Things Keep Getting Worse For Mexico’s Struggling Oil Industry
Mexican oil is taking hit after hit this year. First, a deadly fire led to disruptions in production and then output was once again hindered by the anticipation of hurricane Continue Reading
Pemex Buying Texas Oil Refinery That Lost $360MM
The Texas oil refinery that Petroleos Mexicanos is buying has racked up a rare net loss of about $360 million this year, adding to the challenges Mexico faces in seeking Continue Reading
Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire
Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people, but the pace of output recovery could be slower Continue Reading