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Mexico Cuts Oil Exports: The Week in Oil and Gas
By Perla Velasco - Thu, 04/11/2024 - 10:07
PEMEX’s oil export cuts add to OPEC’s efforts and other factors that have made oil prices increase. This and more in your weekly roundup!
https://mexicobusiness.news/tag/oil-prices
More Oil & Gas
PEMEX Cuts Oil Exports
By Perla Velasco - Tue, 04/02/2024 - 15:32
PEMEX cancelled contracts for exports to refineries in Asia, Europe and the United States, the latter being the most affected.
US Department of Energy Boosts Oil Reserves
By MBN Staff - Mon, 03/04/2024 - 10:35
The US Department of Energy's Oil Reserves Office requested about 3MMb of oil to deliver to the Strategic Petroleum Reserve in August 2024.
Mexico Did Not Make Use of Its Oil Hedge in 2023
By Perla Velasco - Thu, 02/01/2024 - 10:52
Mexico did not activate its oil hedge in 2023, citing an alignment of oil prices with expectations throughout the year.
Lower Oil Revenue for Mexico in 2023, PEMEX Covered for 2024
By Perla Velasco - Thu, 02/01/2024 - 08:59
Oil revenue in 2023 stood below projections, and the NOC’s debt for 2024 is covered, reports the Treasury.
Sheinbaum Advocates for Legal Electricity Self-Supply in Mexico
By Karin Dilge - Thu, 01/18/2024 - 10:46
Claudia Sheinbaum discusses the feasibility of electricity self-supply in Mexico, emphasizing the need for proper implementation.
PEMEX Starts 2024 With New Efforts
By Perla Velasco - Thu, 01/18/2024 - 08:54
PEMEX submitted its Sustainability Plan to address ESG concerns, which has been pointed out as a major challenge to attract investment.
Flat Oil Prices in 2024
By Perla Velasco - Tue, 01/16/2024 - 13:31
Analysts expect oil prices to remain between US$75/b and US$85/b, with little variation compared to 2023.
Private, National Participation in Upstream Sector
By Perla Velasco - Thu, 12/28/2023 - 12:19
Mexican conglomerate, Grupo Carso, announced the acquisition of Petrobal’s operations in Mexico’s upstream sector.
New Year, New Administration: The Year in Oil and Gas
By Perla Velasco - Wed, 12/20/2023 - 16:13
The industry left behind logistics and financial challenges brought by the pandemic. However, the high prices that marked 2022 stayed behind, as well.