Pemex reported oil export figures for February and these showed a positive behavior compared to previous month. Shipments increased considerably to Far East, increasing its participation in the export distribution.
Andres Manuel Lopez Odrador (AMLO) and the Energy Secretary (Sener), Rocío Nahle, published a list of the fuel retailers that offer the highest and lowest gasoline prices in Mexico. Chevron (NYSE: CVX) talked about this list and the reasons for price levels in Mexico.
CEO Octavio Romero explained why President Andres Manuel Lopez Obrador’s (AMLO) strategy to fight oil theft continues to be beneficial for Pemex.
The Energy Regulatory Commission (CRE) reported propane prices for January 2019 in the country. These increased substantially last year, causing much dissatisfaction. However, this metric has been showing a decrease in recent months, but is still high compared to the previous year. The Secretariat of Finance and Public Credit (SHCP) talked about distributors’ margins.
The firm spoke about the current investment situation in Mexico. Here are the details.
According to official reports, those dedicated to oil theft have attacked Pemex’s offshore platforms over 300 times, from 2017 to date. The development of these and other stories in our periodic Security summary.
Pemex reported its trade balance for February 2019 and this metric, surprisingly, changed from red to green in recent months. The company has poor operational metrics, but it has managed to change the negative trend in its trade balance.
Andres Manuel Lopez Obrador (AMLO) promised to change the situation of the energy sector quickly. Representatives of Pemex talked about the self-sufficiency of fuels in the country and they showed their optimism on this issue.
The Mexican Republic Oil Workers Union (STPRM) will be sanctioned, if the judge that is currently examining the case determines that the union’s management is violating its commitment to providing clear information to Mexicans. These and other stories in our periodic summary of labor-related issues.
Andres Manuel Lopez Obrador (AMLO) promised to reduce fuel prices in Mexico and these reported a slight drop in his first two months as president. However, they started to increase again and the president talked about this behavior.