Venezuelan oil prices reached US$86/b, their highest value in five years and US$7 more than Brent crude on the back of political tensions caused by Wednesday’s self-appointment of Juan Guaidó as interim President of the Caribbean country and Nicolas Maduro’s refusal to concede power. One of the causes of this price increase is the possibility […]

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It has been a bumpy start of the year and a gasoline shortage has taken the country by storm as more states are being affected by AMLO’s “AntiHuachicol” plan. Cracking down on combustible theft is one of the new administration’s main objectives as a way to restore the country’s oil and gas sector and boost […]

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Uncertainty has hovered over the Mexican economy as the new administration slowly discloses its priorities for development. But one thing is certain with the plans unveiled thus far, boosting PEMEX’s production is a priority. AMLO and his team presented the National Hydrocarbons Production Plan on Saturday. Ready for the new opportunities? Here is your […]

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Two weeks into his six-year administration, President Andres Manuel López Obrador is beginning to reveal his plans to boost PEMEX and Mexican oil production. The main goal: energy sufficiency, maximize social and economic benefits and detonate development in the southeast region of the country. AMLO and Rocío Nahle, the new Minister of Energy, presented the […]

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It has been a busy first week as AMLO begins to slowly reveal his priorities, ministries and projects for his political term. A new refinery and auctions on hold for three years are among the main points in AMLO’s new energy plan, with more yet to be revealed. In the meantime, plans to start drilling […]

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AMLO is now officially Mexico’s 58th president and the industry awaits anxiously for the new government to reveal its plans and priorities for the next years. The new government has already made the development of a new refinery in Paraiso, Tabasco a priority for PEMEX, but what else will it have in store for both […]

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