Pemex Refinery Output Hits Lowest Since 1990
Petroleos Mexicanos ’s refinery output in 2016 fell to the lowest level in 26 years as government budget cuts forced the Mexican state oil company to delay maintenance. Only three Continue Reading
Trump’s Border Tax Could Further Reduce Mexico Oil’s U.S. Ties
U.S. President Donald Trump’s proposed tariff on Mexican goods has the country’s oil industry considering just how much it needs the American market. A 20 percent border tax to build Continue Reading
U.S. Gas May Be One Trade That Survives Trump’s Mexico Clash
U.S. Stands to Suffer in Border War With Mexico It could take more than a political standoff between President Donald Trump and Mexico to keep U.S. shale gas from flowing Continue Reading
Mexico’s Pemex imports first diesel cargo via train from U.S.
Mexico’s state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations Continue Reading
Despite Plunging Peso, Wildcatters Try Making Money on Oil in Mexico
Wildcatters are crossing the border into Mexico to pour money into the country’s recently deregulated energy sector, betting that the plunging peso and other economic stress won’t disrupt their business. Continue Reading
Pemex Is So Cash-Starved It’s Selling a Little League Baseball Field
Pemex has put a kids’ recreation park up for sale as it combs through its assets searching for property it can exchange for needed cash. Mexico’s state-run oil company, which Continue Reading
Mexico president tries again to calm anger over gas hike
Mexico’s president tried again on Thursday to calm anger over the big jump in gasoline prices this month amid a historically weak currency and continued threats by Donald Trump to Continue Reading
Oil, Trump, leave Mexico in dire economic straits
Mexico, the second largest economy in Latin America, is facing economic headwinds because of lower oil prices and U.S. trade policy, a study finds. The New Year brought new challenges Continue Reading
600 Hundred Arrested And 1 Dead As Mexican Gas Price Protests Intensify
Some 600 people have been arrested, one policeman killed and around 300 stores looted as protests intensify in Mexico following the weekend decision to hike fuel prices by 20 percent, Continue Reading
Mexican Drug Cartels Threaten To Blow Up Gas Stations Over Massive Price Hike
While Mexico has reasons to be concerned about the upcoming presidential inauguration of Donald Trump, who has vowed to make life, and especially trade relations, for Mexicans far more “complicated” Continue Reading