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Stumbling Oil Prices Suggest a Long Road to Recovery
By Peter Appleby - Wed, 05/06/2020 - 13:46
Prices have fallen today after several days of growth. This is a signal of what is to come.
https://mexicobusiness.news/tag/price-war
More Oil & Gas
PEMEX Debt Major Reason Behind Fitch’s Mexico Downgrade
By Peter Appleby - Thu, 04/16/2020 - 13:50
The latest downgrade comes in the context of COVID-19. Mexico’s reliance on PEMEX still poses a major problem.
Mexico Comes Out on Top in OPEC+ Production Cut
By Peter Appleby - Mon, 04/13/2020 - 14:18
Energy Minister Rocío Nahle successfully defended her country’s interests and produced a victory for Mexico.
Oil Recovery Suggests Imminent Production Cut
By Peter Appleby - Tue, 04/07/2020 - 14:45
Ahead of the OPEC+ meeting, oil prices continue to rise. The market’s hope suggests reductions will be agreed.
Mexican Crude Basket Jumps Over 50 Percent in Value
By Peter Appleby - Fri, 04/03/2020 - 13:28
The Mexican Crude Basket regained over 51 percent of its value on Thursday. Now it must carry on.
Oil Prices Bounce Back After Production Cut Discussions
By Peter Appleby - Thu, 04/02/2020 - 19:38
Saudi Arabia and Russia have had talks which could see oil production cut by 10MMb/d.
Mexico’s Storage Shortage; Blessing or Curse?
By Peter Appleby - Wed, 04/01/2020 - 17:05
With the world hurtling toward its maximum petroleum storage capacity, how does Mexico’s situation stack up?
Will Mexico’s Crude Basket Price Fall Further?
By Peter Appleby - Tue, 03/31/2020 - 15:01
The Mexico crude basket price has reached a 21-year low. Experts are suggesting it can go lower.
Worries Mount as COVID-19, Oil Price Collapse Bite
By Peter Appleby - Fri, 03/27/2020 - 14:31
The industry in Mexico, like the rest of the world, suffers from the double impact of COVID-19 and extremely low oil prices.
S&P Downgrades PEMEX and the Country
By Peter Appleby - Fri, 03/27/2020 - 13:41
Prolonged low oil prices wreak havoc for the country’s energy hopes and the government’s strategy.