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Shell Suspends Shipments Through the Red Sea
By Perla Velasco - Thu, 01/18/2024 - 09:15
More oil majors are expected to join Shell as potential oil spills represent a major risk for the companies.
https://mexicobusiness.news/tag/inflation
More Oil & Gas
Gasoline Prices in Mexico Are 24% Higher Than in the US
By Karin Dilge - Wed, 01/10/2024 - 13:21
Data from PEMEX reveals that the average price of Magna gasoline in Mexico soared to MX$22.08/L, 120.8% above the promised rate.
The ‘Energy Transition’ Has Yet to Start: DNV
By José Escobedo - Wed, 12/06/2023 - 11:21
DNV’s Energy Transition Outlook shows momentum waning for the energy transition, with fossil fuel-based emissions set to move higher in 2024
Israel-Hamas Conflict’s Impact on Oil Prices
By Perla Velasco - Wed, 10/11/2023 - 08:45
Oil experts remain attentive to the Israel-Palestinian conflict as it is expected to affect oil supply and prices due to geopolitical implications.
CRE Delays Ultra-Low Sulfur Diesel Adoption
By Perla Velasco - Thu, 09/21/2023 - 10:36
SENER claims that PEMEX does not have the infrastructure to carry out the adoption of ULSD.
Oil Prices on the Rise
By Perla Velasco - Wed, 09/20/2023 - 12:48
Oil prices are on the rise months after OPEC announcements of production cuts and speculation about Chinese and global demand.
PEMEX Survives 1H23
By Perla Velasco - Thu, 08/10/2023 - 09:46
PEMEX seeks to refinance its debt as it faces upcoming financial obligations. This is the Week in Oil and Gas!
Non-OPEC Supply to Grow in 2024
By Perla Velasco - Fri, 08/04/2023 - 10:29
OPEC published its forecast for oil demand in 2024 and it is slightly above what had been predicted but still below this year’s forecasts.
Ministry of Finance Forecasts Drop in Mexico’s Oil Prices in 2024
By Anmol Motwani - Mon, 04/03/2023 - 10:01
SHCP forecasts that Mexico's crude oil export mix will average at $66.80 per barrel in 2023 then slip to $56.30 the next year.
Global Oil Prices Remain Volatile
By Perla Velasco - Wed, 12/14/2022 - 11:08
Mexican oil reached its highest price on March 8 at US$119.62/b, by December 9 it fell to US$60.42/b, about US$8/b below the federal budget for 2023.