This week the oil industry faced a mixed bag. While Russian and Mexican entrepreneurs pledge investment in Mexico’s energy sector, the country continues to experience drops in production and fuel continues to be stolen. Meanwhile, CFE is evaluating the transfer of its pipelines to CENAGAs and investigations are underway in LPG theft.
In Latin America, […]
by Sara Warden
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 […]Continue Reading →
The Mexican economy has, for decades now, been strongly tied to the US’ economic activities and fluctuates according to its neighbor’s development. The US is Mexico’s most important export market as over 80% of the country’s exports go there yearly. Exports also represent a large part of the national GDP and their participation has increased […]Continue Reading →