After months of dropping oil prices with no end in sight, it seems that the commodity has finally come to its senses, with Brent, the international reference, rising up from approximately US$30 to around US$40 in less than one month. The itching question on everyone’s mind is “will it last?”.
Let us recall in brief […]Continue Reading →
Although the rumor has been spreading for a while now, earlier this month Mohammed bin Salman al-Saud, Deputy Crown Prince of Saudi Arabia, announced that the state-owned national oil company Saudi Aramco was eyeing the possibility of an IPO. This consideration is said to come mostly in the wake of low oil prices, which […]Continue Reading →
These are exciting but challenging times for the refining branch of Pemex; the question of what to do with Pemex’s refineries is often a controversial one, as low efficiency and consistent loss making (US$6.9 million in 2012) have given the branch the unwanted label of black sheep. However, the approved budget for 2014 shows a […]Continue Reading →