PEMEX and the Ministry of Finance assured that there would be no change to the policy of gradual fuel price adjustments which has been implemented during the last year, emphasizing that there would be no sudden price rises.
Inflation in 2018 will be driven by exchange rates, gas lp prices and gasoline prices according to the Bank of Mexico and analysts.
Exports of natural gas from the United States to Mexico declined as demand soared north of the border due to abnormally cold conditions.
Lorena Patterson from the Asociación Mexicana de Gas Natural (AMGN) said there would be no shortage of natural gas and that prices would return to normal after small rises due to higher demand in the United States.
PEMEX Logistics announced the second phase of its open season for the storage and distribution of natural gas to the cities of Monclova, Sabinas and Nuevo Laredo.
Saudi Arabia changed the legal status of its NOC Saudi Aramco to a joint stock company in preparation for an IPO planned for 2018.
Venezuela announced it will issue an oil-based cryptocurrency called the Petro in the coming days with a total value of US$ 5.9 billion.
The Trump administration announced a wide-reaching new 2019-2022 offshore drilling plan opening 90% of the United States’ continental shelf to potential drilling.
OPEC maintained production steady over December as members complied with their production cut targets by a total of 121 percent.