Loading...

Loading...

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.
https://mexicobusiness.news/tag/oil-prices
More Oil & Gas
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.
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.
PEMEX Reports on Sustainability Strategy
By Perla Velasco - Fri, 12/15/2023 - 12:56
PEMEX reported on the advances in the formulation of strategies aimed at emissions reduction and the energy transition.
Crude Exports Revenue Increases; Light Oil Exports Cease
By Perla Velasco - Tue, 11/07/2023 - 15:10
Exports of Olmeca light crude ceased in September, after two months being resumed.
Hacienda in Negotiations to Contract 2024 Oil Hedge Fund
By Perla Velasco - Thu, 10/19/2023 - 12:12
Mexico is looking to secure its oil income for next year with its traditional hedge fund.