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 →
US President Donald Trump and his Mexican counterpart Enrique Peña Nieto’s conference call to publicly announce the successful conclusion of a preliminary NAFTA 2.0 between the US and Mexico calls for a closer look at its implications for President-Elect López Obrador’s upcoming oil and gas policy.
In the first enacted version of NAFTA in […]Continue Reading →
In the wake of the NAFTA re-negotiations, especially the ones going around energy to take place from Friday 18 until Sunday 20, oil and gas associations AMEXHI, API and CAPP stated their support towards market-oriented politics that eliminate barriers, bring economic growth and create job opportunities. This vision is shared by main outlets such […]
by Arturo Mora
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 →
On the 3rd of December PEMEX opened its first gas station in the US, choosing Houston as its base location for living out the American dream. The gas station is selling petrol from the US at the second lowest price in all of Houston, an advantage it will need to compete with the seven other gas stations […]Continue Reading →
Recent events around the globe have led to record-low oil prices, reminding us just how closely the price of oil is linked to geopolitics. Brent crude has fallen 50% since last June, dropping below the US$50 per barrel benchmark today, reaching its lowest since January 2013. Analysts have identified the main causes of this drop […]Continue Reading →