Pemex
The Treasury Cuts Tax Incentives for Diesel, Magma and Premium.
The federal government through the Ministry of Finance and Public Credit (SHCP) has announced that there will be a reduction…
Pemex Reports Net Income of US$ 900
Petroleos Mexicanos has reported a US$900 million increase in net income, reducing its financial debt by 9%. Pemex saw an…
Pemex could replicate Brazil’s oil strategy
The CEO of CATEC has called on Pemex to replicate Brazil’s oil strategy, which has proven to increase the efficiency…
San Luis Potosi bans fracking & extraction projects
The San Antonio City Council, in the Huasteca region of San Luis Potosi, approved a total and permanent ban on…
Gasoline prices remain stable
President Claudia Sheinbaum stated that, given the war in Iran, the country cannot afford to let fuel prices continue to…
PEMEX contained diesel spill
PEMEX reported a diesel spill at the dock of the Deer Park refinery in Texas, which has already been contained;…
PEMEX requesting funds for fracking
Miriam Grunstein, director of Brilliant Energy Consulting, noted that “a well-drilling operation in the United States costs between US$1 million…
Fitch notes Mexico’s strong financials as a reason to invest
“Mexico maintains a prudent macroeconomic policy, robust external accounts, and a diversified economy,” stated Fitch Ratings, confirming the country’s public…
Sheinbaum proposes fracking to tap natural gas reserves
Mexico remains dependent on natural gas imported from the United States—which accounts for 75% of domestic consumption. In light of…
Mexico-Cuba pact to continue exporting crude oil
President Claudia Sheinbaum has stated that the Mexican government is working alongside the Cuban government to resume oil shipments to…
Sheinbaum will continue to negotiate the fuel price cap
Although gas station owners agreed to set the price of fuel at US$1.58 at their stations, gasoline prices continue to…
Fuel prices in Mexico have reached nearly US$2 per liter
In Mexico City, fuel prices continue to rise, reaching US$1.61 per liter for diesel and between US$1.57 and US$1.69 per…
Despite the rise in oil prices, Mexico has not benefited
Fiscal pressures in Mexico are intensifying due to the federal government’s efforts to cushion the rise in fuel prices; as…
Pemex talks with Asia and Europe to export crude oil after tariffs
MEXICO – Pemex has been looking for alternative markets for its crude oil in the face of the imposition of…
Pemex, among the most polluting oil companies in the world
MEXICO – Petróleos Mexicanos (Pemex) and seven other Latin American oil companies, including Brazil’s Petrobras, are among the companies that…
