Thursday, May 24th, 2018
Oil prices have shown volatility in recent weeks, forcing the Ministry of Finance and Public Credit (SHCP) to make a decision to avoid large variations in the gasoline sector. The SHCP made adjustments to the Special Tax on Production and Services (IEPS) of gasoline.
Pemex continues to have several problems in its refineries, without stabilizing production, increasing its dependence on imports mainly from the United States. The government has let this situation get worse and has offered little help to Pemex in this issue.
Pemex continues to report low oil production, with no signs of a recovery in the short term. Oil prices have risen to attractive levels, but the NOC has not been able to take advantage of them.
The Reform has brought plenty of benefits to the Mexican economy, but it is now facing an important challenge.
Companies like Petronas and Shell (LON: RDSB), both with operations in Mexico, spoke about the necessity to adapt their dynamics to the world’s environmental needs. The development of these and more stories in our periodic Eco summary.
Pemex continues reporting poor financial and operational metrics. Oil prices have improved in recent months, but the company continues to report low performance in investment in Exploration and Production (E&P).
The Mexican Association of Hydrocarbon Companies (Amexhi) sent a message to the government about the upcoming rounds, and spoke about the country’s energy future.
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